It’s also used on online poker sites and in a slew of gambling apps. While Bitcoin isn’t widely used in transactions, some users have been known to buy expensive cars, houses and boats with the cryptocurrency. Bitcoin more than quadrupled in price last year and recently hit a new high. At Caesars Palace in Las Vegas, a third of guests are between the ages of 21 and 40, according to IGT.ĭriving cryptocurrencies’ popularity is the recent rally in prices. The Covid-19 pandemic has increased interest in Bitcoin, especially among millennials, with about 44% of them planning to buy the currency in the next five years, according to the Tokenist’s October survey. Such a move would help casinos cater to younger gamblers.
“IGT secured this patent to bolster its industry-leading patent portfolio in anticipation of any possible future direction in regulated gaming involving cryptocurrency,” said company spokesman Phil O’Shaughnessy. Keep reading list of 4 items list 1 of 4 Bitcoin defies critics with another banner year list 2 of 4 Bitcoin heads for $29,000, quadrupling in value in 2020 list 3 of 4 Day after hitting record high, investors keep betting on Bitcoin list 4 of 4 Cue the volatility: Brakes slam on bitcoin’s New Year rally end of list