Cloudbet hopes UCL final will boost crypto value

Cloudbet hopes UCL final will boost crypto value

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Cloudbet hopes UCL final will boost crypto value

Cloudbet has positive thoughts about the cryptocurrency following the coming UEFA Champions League.

Not long than 2 weeks ago the crypto-currency lost its value worth 100 billion dollars. The “crypto crash” involved all the digital coins:

  1. Bitcoin
  2. Ethereum
  3. Solana
  4. Cardano
  5. Avalanche

Based on the amount of demand, Cloudbet expects a good performance from crypto gambling markets.

Cloudbet also stated SOFTSWISS’s last report showing that cryptocurrency is becoming more popular way of payment among betting companies.

Based on that report cryptocurrency usage grew by 116.7% during the 1st quarter of this year. It was also noted that 40% of the payments made during 2021 were cryptocurrencies, 83.3% of which were Bicoins and the rest were Litecoin and Ethereum.

Cloudbet stated that cryptocurrency is now more valuable than the last time Liverpool and Real Madrid played against each other during the UCL finale.

Rossi, the director of Cloudbet commented:

“We expect to have a busy day, as 2 of the most popular football teams are going to play against each other during the most anticipated game.”

Later he added that in spite of the setback Bitcoin’s value will expand and that many bettors are going to benefit from a decentralized blockchain model. Since the last time RMA and LFC played in the UCL final, the Bitcoin market has expanded and now offers fans potential returns.

UCL final between Liverpool and Real Madrid is going to take place this Saturday (May 28) at the Stade de France in Paris.

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