The crypto winter has been long and hard, but the recent uptrend in the Bitcoin charts poses a positive sentiment for the community to look forward to.
Starting around March 11th, a Bitcoin bull run started. Catching steam from the $20,000 mark, Bitcoin continued to climb to a high of more than $28,000. It may not seem like much, but Bitcoin climbing more than $8,000 in just 10 days is exactly what we have been waiting for. This is not only great news for the cryptocurrency community, but also for the crypto gambling industry. Today we will be taking a look at the benefits of Bitcoin gambling in a bull market.
Benefits of bull market gambling
There are three main benefits of gambling in a Bitcoin bull market, and of course, other cryptocurrencies provide differing benefits, but today we are focusing on BTC.
The first benefit is increased potential profits. During bull markets, the price of BTC rises, which by default means your BTC winnings will also rise in value. This means you could win even more over the course of the bull market than what was originally won.
Another benefit of Bitcoin gambling in a bull market is the fact you could get more bets for your buck. Depending on the betting metrics, you may be able to get more casino credits or “coins” for your designated gambling budget, meaning more gameplay and chances to win.
And last but definitely not least, as Bitcoin’s value increases, more people may become interested in using it. This could mean that more players are joining the Bitcoin gambling market and thus lead to an increase in jackpot prizes. Then to add an additional benefit that we have already covered, the value of the BTC value jackpot also increases upon conversion.
Big bullish Bitcoin wins
In conclusion, there are some really great benefits to Bitcoin gambling in a bull market, but in general, gambling with Bitcoin is always beneficial.
Cryptocurrencies, like Bitcoin especially, offer incredible benefits to casino players and gamblers. Bitcoin provides faster, cheaper, and more secure transactions alongside many other advantages. There are also benefits to Bitcoin gambling in a bear market, but that’s a discussion for another day and article. So with all your new-found knowledge of the benefits of bull market Bitcoin gambling, head out and be sure to make the markets work for you.
Check out our list of recommended Bitcoin casinos to start your betting journey.