The cryptocurrency betting platform Cloudbet forecasted that the 2022 Champions League Final would surpass all other Bitcoin (BTC) sports betting events to become the most important sporting event in the history of the cryptocurrency.

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Biggest Bitcoin Betting in History

The crypto gaming platform claims that there has been a significant increase in the number of crypto sports bets placed all around the globe, which has prepared the way for a match between Liverpool and Real Madrid on Saturday that is expected to shatter a record. 

More than 700 million supporters are said to have really turned in to see the 2021 match of the club soccer video game, making it the most major club soccer video game in the world. At the last event of the year, which will take place at the Stade de France on May 28, it is predicted that an even greater crowd will attend, in addition to an unprecedented amount of cryptocurrency wagering activity.

Rise of Crypto Betting

The predictions made by Cloudbet are made against the backdrop of a crypto wagering sector that is establishing itself at a very significantly quicker pace than its traditional currency counterpart. The software provider Softswiss said that the use of cryptocurrencies in sports betting climbed by 116.7 percent year-on-year in the very first quarter of 2022. This growth was far higher than the growth of general sports betting, which was just 60 percent. And despite the recent decline in the value of cryptocurrencies, data from Cloudbet suggest that customers’ willingness to gamble has not been dampened by this development at all. The platform has actually shown constant turnover, and the amount of money being invested by gaming establishments seems to be growing.

In May of 2018, when the two groups were brought together for the final time, Bitcoin’s price was hovering around $8,500. In spite of the present bear market in cryptocurrencies, the coin’s value has increased in the existing market by more than 250 percent. Cloudbet is offering a comprehensive selection of markets for the last round of the Champions League using Bitcoin, including the full-time result, the Asian Handicap, and both groups to grade.

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