One of the biggest trends of 2017 has been cryptocurrency, and the latest surge in the price of Bitcoin (BTC) which is the largest cryptocurrency in the world. In early 2017, you could’ve purchased one Bitcoin for under $1,000, and after the recent boom, that coin is now priced at over $20,000.
There’s been talk that the bubble has to burst at some point, or is cryptocurrency here to stay? Where will BitCoin end up in another twelve months time?
Well now you can speculate on the price and bet on Bitcoin thanks to leading Australian sportsbook Sportsbet.
If you feel like you missed the boat with cryptocurrency, now you can get into the game and bet on Betcoin by choosing what range you feel that the Bitcoin price will close at the end of 2018.
Originally, Sportsbet opened a price of “Over US$30,000” at juicy odds of $8.50, and our tip would've been to smash that as hard as humanly possible, but that has since been smashed and the market corrected in favour of Bitcoin continuing its growth.
Now the value looks to only be in betting against Bitcoin and hoping that a crash will drive the price much lower than currently.
“A couple of months ago, we put up a price of $19 for Bitcoin to be worth more than $10,000 USD at the end of 2017. Are we underestimating the value yet again?” said sportsbet.com.au’s Christian Jantzen.
If you want to speculate, you’ll find this market on Sportsbet under the “Novelties” – “Current Affairs”.
Make sure to read full terms and conditions of any betting promotion before placing any bets - bonuses may not be available to residents of all states.
Always Gamble Responsibly.
