If you follow the cryptocurrency market, you’ve likely noticed that over the past week, the price of Bitcoin has significantly increased. +7 percent in one week, and the forecasts from most industry experts are very positive.
Many are talking about the beginning of a major Bull Run that could push the price of BTC to heights never seen before, shattering its all-time high (ATH).
Several factors explain this rise. First Bitcoin experienced a slight uptick after a Federal Reserve rate cut. The FED began its interest-rate reduction campaign with last week’s 50-basis-point (0.5-percentage-point) move.
As of writing these lines, the price of Bitcoin is practically at $64,000.
Moreover, major players in the global financial industry are increasingly becoming pro-Bitcoin and are positioning themselves in favor of the first cryptocurrency.
Robbie Mitchnick, Head of Digital Assets at BlackRock even said that “Bitcoin is an emerging global monetary alternative; a scarce, global, decentralized, non-sovereign asset. “
BlackRock also revealed it was preparing for a $35 trillion federal reserve dollar crisis with Bitcoin!
In addition, Donald J. Trump said he was in favor of crypto and especially in favor of Bitcoin. He recently became the first president in history to make a payment in Bitcoin.
The list of indicators suggesting that the global economy is adopting Bitcoin and now considers it a very serious option for the future is not exhaustive.
The dedollarization of the economy is underway, Saudi Arabia no longer uses the dollar, and China has become much more flexible regarding cryptocurrencies. Under these conditions, it’s hard not to envision a future of the economy without cryptocurrencies.
Regarding the gambling sector, Bitcoin payments make up 25% of gambling payments.
As the news site Cryptonews indicates, “Crypto payments already account for a substantial portion of the gambling payments landscape, capturing around 25% of the market, with 48.6% of crypto owners using them specifically for gambling. The growing preference for crypto lies in its obvious advantages (e.g., anonymity, speed, and enhanced security).”
The rise of the crypto-poker platform CoinPoker is just a beginning.
