Bitcoin Update: BTC Worth More than One Ounce of Gold

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For the first time in history, bitcoin's value has surpassed that of one ounce of gold.

Bitcoin is currently trading at $1,270 whilst one ounce of gold is around $1,229.

Sports bettors who are keeping a percentage of their bankrolls in bitcoin have profited an extra $270 for every $1,000 in bitcoin held based on the upward movement since the Super Bowl. The gamble has paid off bigly for online sports bettors. Users who aren't keen on exposing their bankroll to possible downswings in bitcoin value can deposit with sports betting sites that convert bitcoin to their native currency. The online sportsbooks rating guide has a filter for this feature.

What's more, the continued stability of BTC likely ensures its proliferation in sportsbook cashiers across the internet. Players who are not PC savvy are making the transition to using bitcoin for their gaming transactions in rapid numbers. While it takes a little bit of time to get setup (think verifying a Paypal account), once players have acquired bitcoin the act of funding a merchant —be it an online betting site, Neteller, Skrill, or a shopping site — is simple.

Sportsbook Review has a tutorial for sports bettors on acquiring and using bitcoin to place sports bets. Users with questions on bitcoin should check out the bitcoin sports betting forum where members discuss everything from bitcoin sportsbooks to speculation on bitcoin's value in the future.

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