Curaçao-based crypto sportsbook brand Cloudbet has forecasted that this Saturday’s UEFA Champions League Final will become ‘the biggest Bitcoin sports betting event in history’.
Despite the well-documented ‘crypto crash’ that took place earlier this month, in which $100bn was wiped from the global crypto market, Cloudbet has hedged its bets that the showcase soccer fixture between Real Madrid and Liverpool will see increased betting activity from cryptocurrencies.
The sportsbook platform cited statistics from software developer Softswiss, which detailed that cryptocurrency use in sports betting increased 116.7% year-on-year in the first quarter of 2022, compared to 60% growth in the total sports betting market.
Furthermore, Cloudbet noted that despite the recent crypto crash, it does not predict that users desire to bet using crypto.
“As two of the biggest teams in the world meet in the most-watched club match on the planet, we anticipate the busiest day ever for crypto betting,” commented Cloudbet Director Leandro Rossi.
“It’s clear the Bitcoin betting boom will continue despite the sector’s setbacks, and that an increasing number of bettors are reaping the benefits of the decentralized blockchain model.
“The array of Champions League markets available at Cloudbet represents a tangible opportunity for users to grow the size of their Bitcoin investments.
“In the four years since Liverpool’s last Champions League Final against Real, the Bitcoin market has grown exponentially, offering tremendous potential returns for soccer fans despite recent market fluctuations.”