Record bets on cryptocurrency are expected for the 2022 Champions League final
Significant global growth in the cryptocurrency sports betting segment is setting the stage for a new record volume of bitcoin sports betting for this year's Champions League final in 2022.
Next Saturday, the annual event of the season in European club soccer will be watched by more than 700 million fans around the world. This year's final between traditional heavyweights Liverpool and Real Madrid at the Stade de France is expected to generate an unprecedented level of betting on cryptocurrency.
The precursor to this development is the much faster growth of cryptocurrency betting on Dash betting sites compared to betting in traditional currencies. According to software developer Softswiss, cryptocurrency sports betting grew 116.7% year over year in the first quarter of 2022, compared to overall growth in the sports betting sector of 60% over the same period.
Despite the recent drop in the value of the cryptocurrency market, data from Cloudbet, the pioneer of cryptocurrency betting, shows that this has in no way dampened the enthusiasm of the players. On the contrary, turnover in the sports betting sector remained stable in May and could even increase due to betting related to the Champions League. What are the most popular sports for betting read in this source.
"With two of the biggest soccer teams in the world competing in a major sporting event, we expect this to be the busiest day for cryptocurrency sports betting," said Cloudbet director Leandro.
"The plethora of Champions League markets available on Cloudbet represent a concrete opportunity for risky cryptocurrency users to further increase the size of their bitcoin investments.
"In the four years since Liverpool's last final match against Real Madrid, the bitcoin market has grown exponentially, offering soccer fans huge potential returns despite recent market volatility."
On the day of the last clash between Liverpool and Real Madrid in the CL 2018 final, bitcoin was trading at $8,500. Even after the cryptocurrency's recent collapse, bitcoin is still up more than 250% since then, providing a huge gain in value for those who have held on to their profits since the last clash.
Cloudbet offers a number of the most popular bitcoin betting markets for the upcoming Champions League final. The most popular bets are on the winner, Asian handicap, both teams will score and total goals.