Absolutely, the casino scene has exploded with options lately, and the competition is fierce! Marketing's on another level, right? Millions are being pumped into it, and it's no surprise given the rise of Bitcoin. I've been expecting casinos to catch on, and boy, did they! The more they make, the more they invest in marketing, creating this domino effect.
Well
I don't see much connection between Bitcoin price and the increased popularity of the casino business and these is clearly different from each other, but there is no doubt that the gambling market has witnessed an increase in traffic which have resulted in new development and competition in the market and that have indeed pushed many casinos to make an extra effort to promotions and this is why many of them are spending extra funds to increase their visibilities is very important for us to know this fact.
In some point, the increase in popularity of a crypto casino especially when they have Bitcoin as mode of deposit gives demand on Bitcoin. Just think that if a platform got an increased in number of player that is depositing Bitcoin in order to play in their platform, aren't they giving demand on Bitcoin market? If the casino become more popular, and more people are depositing in Bitcoin, this simply means that there are more people buying Bitcoin just to gamble in a crypto casino platform. We all know that if there is an increase in demand, the price is directly proportional to the increase, so the price of Bitcoin would likely increase if the impact of the increase in popularity of Bitcoin deposits in a casino is enough to move the market.
Much more also, Bitcoin is just a currency that is used among other currencies to make deposits or to place bets and also withdraw from online casinos, so for sure it may contribute to the popularity of those casinos but certainly not an integral part of the casino.
I am confused with the bolded part, care to elaborate?