Bitcoin Rise Makes Online Casino Bankrolls Worth More
Bitcoin mania reached an all-time high on December 17 at $19,783. And this cryptocurrency continues to be a hot commodity heading into December. That said, online casino players who've been gambling with Bitcoin (BTC) prior to mid-December have seen their bankrolls increase greatly.
BTC was trading at below $11,000 coming into December. And the all-time high represented an increase of over 80%. This means that Bitcoin gamblers didn't even need to win in the casino games to come out an overall winner.
What should Online Casino Players Expect from Bitcoin in the Future?
Odds are that we're not going to see this cryptocrrency skyrocket anything like it did last month. After all, there are a number of other altcoin and blockchain projects that are taking up the market share.
However, it won't be out of the question for Bitcoin to continue experiencing growth. Many consider BTC to be the gold standard for cryptocurrencies.
The Winklevoss Twins, who became famous for their lawsuit against Facebook's Mark Zuckerberg, remain bullish on Bitcoin. They purchased over 120,000 bitcoins in 2013 and have seen their $11 million investment turn into a $1 billion return so far. The Winklevoss' have yet to sell their stake, indicating their supreme confidence in this crypto asset.
That said, if you're still gambling with Bitcoin, then you might still continue getting more value from your casino bankroll.
What Altcoins can You Gamble with?
While BTC grabs the headlines, there are several other cryptocurrencies that are prominently features at internet casinos. These include Ethereum (ETH), Litecoin (LTC), and Ripple (XRB).
All three coins have seen their value grow along with Bitcoin. And as long as BTC continues its rise, then Ethereum, Litcoin, and Ripple should follow suit.
The cryptocurrency market continues to see more products hit the market every month. And it won't be surprising to see several more crypto coins offered at online casinos in the near future.