Lately, I’ve started noticing that on various Bitcoin-related platforms, advertising is dominated almost entirely by gambling businesses. Other types of advertising have almost disappeared.
This came as a surprise to me. I remember when Bitcoin was primarily used as a means of payment on darknet markets. Later, the main use case shifted toward trading on cryptocurrency exchanges, and their ads were everywhere.
So does this mean that today Bitcoin has become primarily a tool for gambling and betting? That question got me curious, so I decided to dig deeper. I looked through the “Gambling” section on Bitcointalk, and it struck me that not all companies discussed there are actually Bitcoin-oriented.
On the contrast, I can say Yes and No While bitcoin use case isn't only pegged on facilitating payment transactions nor the hedge of economy values. It can be dynamically used to facilitate monetary system that supports internets or online resources.
Perhaps the processes of payments isn't a new development in the crypto system but since entrepreneurship has also admired digital technologies, crypto casinos and the poly markets has seen the trends and massive adoption of bitcoin in referring to it multi use case to adopt the decentralized finance technology for betting and gambling services.
So the essence of the gambling Ads in those bitcoin or crypto discussion platforms should be accorded as a means of creating awareness associated with market predictions and the acceptance of bitcoin for wagering by the gambling providers