March is Problem Gambling Awareness Month, and while the majority of people can gamble without developing a problem, there are millions of Americans who struggle with gambling addiction. With the rising accessibility of online gambling and sports betting, people are more at risk than ever for developing an addiction to gambling.
Over the past few years, cryptocurrency has skyrocketed in popularity, and many people are now using it as their main form of currency. However, there are huge risks associated with it, and as Elon Musk’s tweets continue to bring down Bitcoin, many have risked it all and lost it all.
Online gambling casinos and online poker houses also push users to play with cryptocurrency, even connecting to cryptocurrency exchanges to cash out earnings.
Is there a reason why so many people prefer to use cryptocurrency for online gambling, and what are the risks involved with crypto itself? The same high gamblers get from winning can also be applied to a hike in cryptocurrency values.