Champions League Final crypto betting expected to reach record highs on Cloudbet

Champions League Final crypto betting expected to reach record highs on Cloudbet

Despite the present decline in the value of cryptocurrencies like Bitcoin, this occurs. 

Front Office Sports estimates that this year's Champions League Final will attract even more viewers than last year's event, which drew more than 700 million viewers globally. 

Liverpool and Real Madrid, two legendary clubs, will square off in a much-anticipated matchup on May 28 at the Stade de France.

While the sports betting market as a whole grew by 60% in 2022, supplier Softswiss saw a 117% year-on-year increase for bitcoin use in sports betting. 

Also, the data from Cloudbet shows that gamers still want to bet with crypto, even though the value of cryptocurrencies has dropped. Crypto spending in casinos is on the rise, but sports betting has seen a steadying of crypto turnover, according to Cloudbet. 

Additionally, Bitcoin has still gained more than 250% since its 2018 Champions League Final match against Liverpool, when it was trading at $8,500 per coin.  

With two of the world's most famous teams facing off in the most watched club match on Earth, Cloudbet director Leandro Rossi predicted that today would be the busiest for crypto betting. 

"Despite the sector's setbacks, the Bitcoin betting boom will continue, and more and more bettors are benefiting from the decentralised blockchain model," the statement read.  

Users have a real chance to increase the size of their Bitcoin deposits thanks to Cloudbet's selection of Champions League markets. 

"Despite recent market fluctuations, the Bitcoin market has grown exponentially in the four years since Liverpool’s last Champions League Final against Real, offering tremendous potential returns for football fans."