The popularity of cryptocurrencies like Bitcoin peaked most especially in 2017 when a Bitcoin was valued at around 20,000 US dollars each. This made many people and industries shift their attention to the use of cryptocurrencies.
Although this only happened in 2017, Bitcoin and many other cryptocurrencies have been around for a few years now. In particular, Bitcoin has been circulating online since 2009. It was first values at less than a dollar and so it wasn’t as popular as it was now when it was first made available to the public.
Initially, Bitcoin was made for a rewarding process that’s called mining. The Bitcoin was mainly used for trading or to be exchanged for other currencies, products, and services. The first known commercial transaction with Bitcoin was for a pizza purchase with Papa John’s. This was soon followed by many other exchanges over the years.
Eventually, even the gambling or casino industry made use of Bitcoin and other cryptocurrencies. What’s known is that it was 2012 when Bitcoin gambling or…