The price of Bitcoin has been rising quite steadily (and sharply) in the past few months. And the speculators are not the only reaping the benefits of this trend. Long-term online sportsbook customers are also enjoying a nice return on Bitcoins purchased in the past. Since Bitcoin became the preferred currency of the online sportsbooks, a lot of bettors have bought a sizable amount in order to keep a nice bankroll. Those players, along with the winners, who managed to not cash out all their Bitcoins at the betting sites, are now finding themselves doubling or more their bankrolls without doing a single thing. By simply holding on to their cryptocurrency, those customers are finding themselves winning money out of thin air.
How long would this continue? Well, itís Bitcoins, so itís anyoneís guess. Today it may be at $5K, tomorrow it may go down to $2,000 or up to $10K, who knows? We are not a financial website, but certainly even the finance professionals are finding it impossible to pinpoint the movement of this new type of virtual currency. So in a way, itís a lot like wagering Ė you can make an educated guess, but in the end, it will be just that Ė a guess.
Keep in mind that all the top
online sportsbooks accept Bitcoins as
both depositing and withdraw methods. In addition, a lot of them still
offer bonuses if you use Bitcoin to find your account, thus you can
stretch your free winnings even further. See the list of approved
sportsbook on our home page for ideas on where to wager next.