The bitcoin is a digital currency that is not generated and distributed by any bank or central authority, but its diffusion is based on „peer to peer“ technology, i.e. a model of computer network formed by nodes, each of which is able to start or complete a transaction.

The value of bitcoin is based on supply and demand, and inflation is a non-existent parameter in the world of this currency crypt, since the bitcoin input is based on mathematical algorithms; automatically, every 10 minutes 12.5 new bitcoins are distributed on the market. When the limit of 21 million bitcoins is reached, the algorithm will stop working and the production of currency will end; it is believed that this will happen in 2030.

From 2020, 10 years to reach one million dollars

The bitcoin is certainly the most famous currency in the world, with a large number of users and supporters, who blindly believe in the possibility that this financial asset can become the currency of the future. Certainly its diffusion has increased considerably over time, so much so that it has become of noteworthy importance in the global economy. One of the challenges in the current bitcoin scenario is the difficulty in predicting its value. Economists compete to determine the most likely price for bitcoin, and sometimes the differences between the different valuations can be large and the values sensational. Bobby Lee, CEO of BTCC, has predicted that by 2028 the price of BTC will reach $500,000, rising to $1 million by 2030. Considering the short term, for this crypto-currency guru the bitcoin price will reach $25,000 by December 2020:

„I am convinced that Bitcoin will exceed the peak of $20,000 reached in 2017, and will reach a new historical high of $25,000 by the end of 2020“.

This value, according to the entrepreneur, is partly due to the ongoing global health crisis.

The forecast of the trends of the bitcoin proposed by Lee finds confirmation also in the graphs stock to flow, which are normally used to evaluate the current quantity (stock) of any commodity with respect to the flow of that same commodity in the unit of time.

Bitcoin and online casino

The bitcoins therefore represent a real revolution in the world of online transactions, and are a means of payment that can also be used in online casinos. As you can evaluate from this list, more and more casinos with Bitcoins are present on the net, and this crypt currency is spreading like wildfire in online casinos. The ability to use BTC, for transactions in casinos that accept bitcoin, has significant advantages for those who are passionate about online games, one of the most important is the ability to control the state of capital (bankroll) that the player owns in the online casino.

Depositing money, after you have obtained an account in a bitcoin casino, is a very simple operation, which must be performed on your bitcoin wallet: you indicate the amount you want to load and then you are directed to the Bitcoin platform, both via mobile and pc, where your crypto currency wallet is active. Withdrawal is also very easy: after logging in, you will charge the amount to be withdrawn, setting bitcoin as payment tool; then you will indicate your BTC address, so that the money is transferred from the online casino account to the bitcoin wallet. Generally, casinos that accept bitcoins do not require commission fees, however, to avoid any nasty surprises, it is best to inquire about the terms and conditions of service on the site. Another advantage of using BTC to play bitcoin casinos, is the timing of transactions, which using this crypto currency shortens considerably compared to using other payment methods.

The security of transactions by means of bitcoin is high, since personal data are not visible: you can be sure that these, as well as the bank details, are not made public.

With blockchain technology, transactions take place through encryption, so as to ensure the integrity and recording of the chronological succession of transactions. With regard to identity protection, BTC cautions its users, never revealing personal identity; with regard to the use of bitcoins for online gaming, you should, however, check the privacy policy provided by individual online casinos.