When Bitcoin's price drops, many people end up losing money and become discouraged by the market. But online casinos continue to operate normally and receive bets every day.
This makes me wonder: do casinos actually earn even more during these downturns? After all, some players may gamble to try to "recover" what they lost.
Or is it the other way around? Since players have less money available, do they bet less, and casinos also make less profit?
I'd like to hear your opinion: when Bitcoin's price drops, who comes out on top: the casinos or the players who manage to control themselves?
Casino do have their bankroll in cryptocurrency that they support which means they are losing fiat value on their holdings. I believe there’s also a decrease on the volume whenever crypto price drops since gamblers holdings drop too in fiat value.
Casino gain massive profits after a sharp drop then recover again but I doubt casino gain more when Bitcoin drops compared when the price is rising.