The majority of crypto analysts feel that the next main breakout for Bitcoin (BTC) will occur sometime during 2024 before peaking at or near Q4 2025. What might such positive momentum signify for online Bitcoin casinos?
Considering the fact that cryptocurrencies such as Bitcoin have become quite popular throughout the digital gaming sector, this question could actually impact the entire industry. Ron from Crypto Lists rolls the dice to see whether we turn up a pair of snake eyes or a jackpot may be in store.
Cryptocurrencies and Online Casinos: A Winning Hand
Before taking a look at what might occur once the bulls are released, it’s wise to examine some of the reasons why crypto casinos have become popular. Players and blockchains enthusiasts alike will often cite advantages such as:
- Increased anonymity
- Lower fees and commissions when compared to fiat currencies
- Rapid transaction times
- The ability to leverage sudden price movements.
When combined with an incredible number of games and nearly universal smartphone access, it becomes clear to understand why virtual games such as roulette, slots, blackjack, and poker are ‘flush’ with excitement.
Scenario One: Going All In
To be clear, this is actually the most likely situation to take place. The chances are high that the growing popularity of crypto investments will translate into the online gaming sector.
Also, it’s only logical to assume that more portals will begin to jump on the Bitcoin bandwagon in terms of an additional payment option.
This isn’t only due to the ROI that should be realized after the post-BTC halving event (taking place around April 2024). It also involves younger players who are both tech savvy and keen to make the most out of their (hopefully) generous returns.
Casinos likewise understand that the best way to appeal to such an audience is to create crypto-friendly payment gateways.
Now, we’re not necessarily claiming that players will gamble with all of their profits.
The smart money will instead look to place wagers on games that have a relatively high return to player (RTP); viewing such an action as more of a short-term investment as opposed to a punt.
Either way, cashing in a portion of their crypto ‘chips’ could be a great way to extend already impressive profit margins.
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Scenario Two: Keeping Cards Close to the Chest
Crypto Lists always strives to provide an objective approach, so we’ll also play the devil’s advocate for a moment. What if Bitcoin investors instead focus solely upon the latest cryptocurrency movements and abstain from online casinos?
After all, it takes a great deal of time and effort to keep track of the latest price movements and industry predictions.
In this case, we should keep in mind that the majority of crypto-powered casinos still accept other payment options such as credit cards, bank transfers and e-wallets.
It wouldn’t be a gamble to assume that loyal clients will continue playing their favorite games. The only main difference is that they might switch back to fiat currencies until it becomes time to cash out their crypto holdings.
What About New Casino Features and Upcoming Technology?
Although 2025 might still seem far away, the fact is that it’s literally just over the digital horizon. Bitcoin casinos will continue to technologically advance between now and then. So, what are some of the features that crypto players can expect in the next 24- to 36 months?
Like it or not, artificial intelligence (AI) is here to stay in one form or another. There’s little doubt that Bitcoin casinos will at least partially incorporate these systems into their user interface (UI). One example is a smart chatbot that provides instantaneous human-like responses in the event of a question or problem.
Virtual reality (VR) might also play an interesting role. Some casinos are already toying with the idea of creating digital lobbies where players can interact with one another through the use of current devices such as VR headsets. The intention here is to provide an experience that attempts to mimic the atmosphere associated with real-world casinos.
Naturally, the games should also become even more immersive and advanced between now and the next BTC bull run. While the future has yet to play out, the team at Crypto Lists is ready to double down in the assumption that Bitcoin casinos should continue to gain momentum well into the future.