Gambling sites are buying $100 million worth of bitcoin in every month!!!

[The Legend]

Now a days Bitcoin are getting more popularity, people are going crazy about it again. From a current survey we noticed that gambling sites are buying $100 million worth of bitcoin in every month to pay their users. That means users are requesting their payment in bitcoin. Even recently Paypal and Cash App buys almost 100% of the newly minted bitcoin.

Is that a good sign for the upcoming year ? will that history gonna run again ?

[Alcor]

Gambling sites do relatively well in almost any state of the cryptocurrency market.  People always want bread and circuses, therefore such sites and platforms work successfully.  The purchase of bitcoins may indicate not only the growing demand for bitcoin on the part of players, but also the possibility of storing their income by gaming platforms in bitcoin.  In any case, the demand for bitcoin is increasing and this will contribute to an increase in the price of bitcoin and the entire cryptocurrency market.

[gotbounty]

I am not surprised because there are so many gambling lovers. Many people like gambling because they can bet and get bigger profits. As well as many gambling projects that have been successful, attracting many investors.

[pelana vreo]

Bitcoin has a fantastic price in the crypto market, some online gambling users may want a lot of profit with Bitcoin payments, good bitcoin prices make the gambling platform and users want to use bitcoin to make every transaction easier, instead of using a stable fiat currency, I think it's better store bitcoin which in 1 to 2 days the price can increase to fast.

[The Legend]

I am not surprised because there are so many gambling lovers. Many people like gambling because they can bet and get bigger profits. As well as many gambling projects that have been successful, attracting many investors.

BTW even investment on a new project is also a type of gambling. If that project succeed investors get 3-10X of their invested amount, some times even more than that. If that project fails investors get nothing 

[The Legend]

Bitcoin has a fantastic price in the crypto market, some online gambling users may want a lot of profit with Bitcoin payments, good bitcoin prices make the gambling platform and users want to use bitcoin to make every transaction easier, instead of using a stable fiat currency, I think it's better store bitcoin which in 1 to 2 days the price can increase to fast.

Exactly. But I'll suggest you to hold bitcoin for long term, because if all the countries legalised bitcoin then just think
As of now around 15 out of 195 countries are accepted and legalised bitcoin on their area.

[Altcoin1998$]

Now a days Bitcoin are getting more popularity, people are going crazy about it again. From a current survey we noticed that gambling sites are buying $100 million worth of bitcoin in every month to pay their users. That means users are requesting their payment in bitcoin. Even recently Paypal and Cash App buys almost 100% of the newly minted bitcoin.

Is that a good sign for the upcoming year ? will that history gonna run again ?

One of the major uses of bitcoin is gambling and casino site . Most of the gambling sites are paying and buying services by bitcoin and tron . So PayPal and many cash paying site accepted bitcoin a positive sign of bitcoin development.

[trauchot]

So many people launder money through various gambling platforms and therefore then withdraw their money through bitcoins, and the price of bitcoin is constantly growing, this is another sign of why so often people withdraw money into bitcoins, and the whole year bitcoin only grows in price, this also helps bitcoin to gain even more popularity.

[sampoerna]

The gambling industry in this case is very big. It includes both online and offline gambling. We can also find out so many sites on the internet. Aout the involvement of Bitcoin, I am sure that it may be because of many people use BGTC or crypto for gambling.

[alltalk]

It is good news, it means the demand for Bitcoin is increasing. I am optimistic that this will make a higher price of Bitcoin in the future. The demand is not small, it is quite big. The gambling site already gets $100 million worth each month, it is a big demand in crypto market. If there are more gambling sites buy a big number of Bitcoin, I assume the price of Bitcoin becomes more expensive.

[jakasantosa]

Gambling sites may try to attract bitcoin investors so they can enter the site. We know that now many Bitcoin investors are popping up every month. So to attract the interest of fund owners in the form of crypto, the gambling site offers payments or transactions using bitcoin

[Lorix]

Bitcoin is growing in popularity from all sides. People are using bitcoin for gambling. However, Bitcoin is also being used for some legitimate purposes. So all in all Bitcoin is much more popular.

[vegasus]

I just know if gambling sites buy very big numbers of Bitcoin monthly. I think Bitcoin in the future will increase the price very much if the gambling sites continue to buy with the big numbers. The demand in the market is increasing inctantly. However, I hope the effects will be positive effects on the market.

[ashraf786100]

Many people like to gamble because they can bet and make more money. Also, much successful gambling attracts a lot of investors.

[expander]

This gambling has always been a flagship project, even with a lot of enthusiasts. So many have chosen to live by gambling in crypto. So it's no wonder that this gambling project has spent the most Bitcoin in crypto history.