Bitcoin and other cryptocurrencies are currently in limbo. They have gained mass attention in the past, after major spikes in value. There haven’t been any of these for some time, though, and the Bitcoin price has remained relatively low over the last year since its all-time high of more than $60,000 per BTC at the end of 2021.

It’s clear that Bitcoin needs something huge to happen for it to properly boom. Some experts expect that the next halving in 2024 will bring about a new spike in value. It would be helpful if the biggest brands in the online world started to accept it before then to help its influence gain more traction this time.

Major Casino Brands Have a Huge Sway on Technology Crazes

If you examine some of the biggest technological trends of recent years, you’ll notice that online casinos have been at the heart of boosting them. Live roulette and other live streamed offerings helped boost the live streaming platform massively and introduced it to online audiences years before Facebook Live was conceived. The live category at online casinos is now jampacked with content, with players able to choose from modern innovations like Lightning Roulette and Quantum Roulette.

The biggest online casino brands have also pushed modern payment methods and helped systems like PayPal towards global domination. Some online casinos have adopted Bitcoin and other cryptocurrencies already, but the main names in the industry have tended to stay away from these blockchain-based payment methods. Bitcoin could use a boost like the one it would get from a world famous casino brand. If a well-known iGaming provider started offering Bitcoin payments to its loyal customers, it would help the cryptocurrency improve its reputation and foster more trust in users.

What are the Expectations for the Next Halving?

Many people are expecting there to be another huge spike in the valuation of Bitcoin in 2024 when the next halving will occur. This time, the price of one BTC could easily smash the record set at the end of 2021. The original cryptocurrency is expected to gradually rise in price over the next year, and then push for a new record towards the end of 2024.

It would make sense for businesses that are on the pulse to start preparing for the next Bitcoin boom. It would certainly help the alternative payment method greatly if, when it spikes again, there are more ways for holders to spend their coins. One of the biggest stumbling blocks for Bitcoin to date has been the fact that it is hard for people to actually spend it. It’s still more of an asset that people hold on to, rather than use in their everyday lives.

If the biggest online casino brands in the business decide to adopt Bitcoin payment methods, it would be a massive boost for cryptocurrency. When the next halving occurs, Bitcoin has its best chance of going mainstream. However, this will be dependent on people being able to spend their digital assets.