Bitcoin continues to break records as it climbs towards $100k a coin. According to the Associated Press, Bitcoin reached 98k in value on Thursday, November 21st, 2024.
Bitcoin dropped below $16k two years ago following the collapse of the FTX crypto exchange. While the market has seen setbacks and gains over the past two years, just a month ago, Bitcoin was valued at around $65k a coin, indicating a rise in value.
A lot has changed over the last month, and with Donald Trump winning the US Presidential election, crypto and prepaid gambling sites are hopeful for a more accepting approach. Trump, who has previously expressed his interest in Bitcoin and was the first US presidential candidate to accept digital assets, could potentially bring about a more favorable regulatory environment for cryptocurrencies.
President Trump’s Crypto History
Donald Trump, the incoming 47th President of the United States, has had a complex relationship with cryptocurrency.
During his first term as President, Trump publicly criticized Bitcoin and other digital currencies, labeling them a threat to the US dollar. In a 2019 tweet, he expressed skepticism about Bitcoin, calling it “highly volatile and based on thin air.”
However, Trump’s stance on cryptocurrency has recently changed. Notably, he launched his own series of non-fungible tokens (NFTs) in December 2022, accepted digital currency on his 2024 Presidential campaign, and branded himself the “pro-crypto” candidate. There are even reports he might appoint a “Crypto czar” in his second term, as his administration is poised to be the most crypto-friendly administration in American history.
Will Bitcoin Hit $100k?
Yes, undoubtedly, Bitcoin will soon hit $100k. Unless something catastrophic happens, we will continue to see Bitcoin rise in value in the coming weeks. It is important to note that Bitcoin and all other altcoins are volatile assets that will both rise and fall in value.
Online Gambling Sites That Accept Crypto
One of the most common places to spend digital assets is online, and prepaid casinos were among the first sites to start accepting Bitcoin and other digital currencies. This growing trend of acceptance in the online gambling industry reassures users that their digital assets have real-world value and utility.
Bitcoin is the most widely accepted digital currency online, followed by Litecoin and Ethereum. Popular casino sites like Super Slots and Roaring21 will also accept Bitcoin Cash.
Online casino games like blackjack and roulette offer variations and live dealer options. Other games, like slots, offer more titles than domestic casinos and provide hours of entertainment.