Bitcoin casinos have rapidly increased in popularity. And I can only assume that this popularity will grow even further after a Bitcoin slots player recently won a giant jackpot.
Let’s discuss the player and their big win, along with why Bitcoin casinos are becoming more popular.
Slots Jackpot worth 39 Bitcoins
A Bitcoin gambler going by the unsername “Flip2pogi” is the lucky winner. They hit a slots jackpot worth 39.1 Bitcoins, which is worth over $400,000 at the time of this news.
It hasn’t been reported exactly what game they were playing at the time of the windfall. However, the key takeaway here is that a Bitcoin slots player earned $400k betting with this cryptocurrency.
Bitcoin Rise Makes Big Jackpot Possible
Bitcoin is grabbing more and more headlines lately. The reason why is because this cryptocurrency has seen its value skyrocket since the beginning of 2017.
Bitcoin began the year worth less than $1,000. But it has rapidly accelerated ever since, reaching an all-time high of $19,800.
If it weren’t for this huge increase in value, Flip2pogi wouldn’t have won such a big jackpot.
For example, let’s say that the coin was worth its aforementioned $1k value. In this case, the player’s jackpot would’ve been worth $40,000.
Of course, we could just as easily say the reverse in that the player could’ve won upwards of $800,000 if they won their prize around Bitcoin’s all-time high of $19.8k.
As it is, their windfall comes when the price was right around the middle of these two extremes. As long as Bitcoin continues to maintain a high value, then we can expect more big wins like this in the future.
Speaking of which, Wall Street analyst Tom Lee recently predicted that the famed cryptocurrency will hit $91,000 by 2020. That said, we have something to look forward to in this regard.