With the halving already completed, all eyes from the crypto world are set on it and its potential effects. Everyone’s asking the same question – how will this impact the crypto market and everything related to it?
It’s no secret online casinos have started using Bitcoins and other digital currencies years ago, so they won’t stay immune to this year’s halving. It cut the mining rewards to 3.125BTC instead of last year’s 6.25BTC.
In this article, we will explain what the Bitcoin halving means for all the fans of online slots and casino table games who prefer crypto as a payment method.
Bitcoin Halving, Inflation, and Demand
In simple language, inflation means having too much money circling in the economy, so it loses value it had compared to one it had before. For example, $65.000 dollars was enough to buy you a home in the US decades ago, not it might not be enough for a down-payment in some areas.
That is why almost every four years, the number of Bitcoins gained through mining is reduced in half, making the crypto market stabile in terms of inflation, supply, and demand.
Now, what does this mean for crypto casinos? Although some temporary price fluctuations will occur, it means the maintenance of digital currencies stays stable, which is a great incentive for players to choose them over the fiat ones.
This way not only do they make the existing customers happy about their earlier decisions, but attract plenty of new ones that may have been skeptical about dealing with Bitcoin and other crypto formats.
Bitcoin Investing
As you probably remember, Bitcoin was never meant to be an investment tool, but rather a payment method whose purpose was to erase the middle-men third parties and introduce more safety and transparency regarding transactions.
However, it became very popular within investing circles and now every digital portfolio has at least some of it. The way crypto casinos can benefit from this aspect of Bitcoin is that everyone’s trying to get one, and playing with them is one of legit ways to do it.
The best thing is you don’t have to have thousands of dollars in your crypto wallet to join the party. You could have as much as $15 worth of BTC and still sign up for a chance to play crypto casino slots. The halving event added to this by cutting the supply, increasing Bitcoin’s rarity in the future.
This will inevitably lead to price going up, so BTC will become even more desirable now after the halving, attracting a host of new players.
Final Thoughts
At the end of the day, crypto casinos have nothing to fear about the Bitcoin halving. Quite the opposite, it might have a boosting effect on their business and help them with potential expansion due to an increased amount of transactions.
The best way to stay ahead of the crypto market is to be constantly learning and exploring trends, latest happenings, and new technologies that are regularly coming out. Any crypto casino doing that has nothing to worry about in the long run.
