***Updated on January 3, 2020***
The granddaddy cryptocurrency of them all has seen a miraculous turnaround this year after 2017’s heartbreaking plummet from greatness. After bottoming out at $3,100 in December of last year the value of Bitcoin has steadily climbed, reaching close to $12,000 at the end of June. Currently it’s approximately $10,500 USD and it looks like the party is back on for anyone who never sold the coin and had faith it would someday return to its former glory.
Now that traders have seen a nice return in price, many want to ship some of those profits straight into a casino to gamble on this year’s football season. This makes total sense as they’re basically playing with “House money” since few pundits thought it would rebound as strongly as it has. So here are the best U.S. online sportsbooks accepting Bitcoin deposits in 2019 and who is guaranteed to pay out quickly when you win.
Everyone knows BTC is going to see a lot more volatility in the coming years but that’s just part of its inherent charm. Aspiring individuals who entered the market in an attempt to “get rich quick” ended up losing their shirts and now a new breed of investor has emerged. It’s been accepted among leading investment groups as a legitimate storer of wealth and numerous experts have a long term view on its value.
Of course, fickle observers continue to be disappointed it hasn’t been able to break through the $12,000 threshold this year, although most remain confident it will come to pass, eventually climbing back to the $20,000 range. This speculation has been fulled by reports Brexit could push BTC valuations higher as a result of instability in the global economy and the uncertainty of the British Pound.
This contradicts other rumors earlier in the week out of the U.K. hypothesizing that after Brexit is complete cryptocurrency could be banned entirely. These allegations haven’t been substantiated and it’s assumed this is simply propaganda originating from the “remain camp” who are fighting to overturn the democratic result of the 2016 European Union membership referendum.
Aside from the above, a different segment of analysts are concerned for the future because mining of Bitcoin is centralized in China and therefore the network could become compromised if authorities swooped in and interfered with it in some way. Perhaps even taking over the process entirely and manipulating its global evaluation.
As the FinTech industry is still just in its infancy, no one can say for sure where it will ultimately end up. The only thing that’s 100% guaranteed is that it’ll be one hell of a ride along the way.