Cryptocurrencies have grown in popularity over the years, heralding a potentially promising new era of decentralised finance.

However, a growing number of experts are seriously doubting its viability. Unlike stocks or commodities, crypto has no clear definition. Some people argue that crypto can be a currency, a commodity, a security or even art, but experts have dismantled each narrative.

Crypto fails as a currency due to its volatility and lack of central control. Using crypto assets such as Bitcoin as a primary payment option in everyday life would be a major hassle. For instance, imagine trying to buy groceries with Bitcoin – its wild price swings make it impractical.

Crypto also offers no inherent value as a commodity. Unlike a barrel of oil or a bushel of wheat, you can’t use Bitcoin to make anything.

The security argument holds some weight, with crypto tokens resembling investments in a start-up. However, these start-ups have no underlying business model or future cash flows. They rely solely on a growing pool of investors to prop up their price, which is a classic hallmark of a bubble.

The comparison with art might seem whimsical, but it highlights another crucial point about crypto’s value being purely subjective. Unlike Picasso or the Mona Lisa with their historical context, there’s no tangible way to objectively determine the worth of crypto.

What’s even more concerning is the argument that crypto may be nothing more than a sophisticated financial scam. Some experts argue it’s a mix of Ponzi schemes, multi-level marketing and pyramid structures where the early investors profit, but subsequent ones become the losers when the music stops.

Crypto doesn’t create new value – it merely moves wealth around. That argument holds some weight, given that every penny earned from crypto comes from another investor pumping cash into it.

It’s an unsustainable cycle that relies on an endless stream of ‘greater fools’ willing to buy in at constantly inflated prices. Like past speculative trends fuelled by popular delusions, crypto appears to be teetering on the brink.

The only difference is the role of social media, which has distorted public perception and prolonged the bubble, especially in the modern era.

Despite the varying opinions on crypto, it continues to make inroads into nearly every major sector, most recently the gambling industry.

An increasing number of online betting platforms are incorporating crypto, but savvy gamblers know that sticking to reliable payment options such as MuchBetter offers greater stability.

Players on iGaming Platforms Should Stick to Reliable Payment Options

Gamblers always want to give themselves an edge. Whether it’s counting cards or following the latest strategies, the goal is simply to stack the odds in your favour.

On that basis, using the MuchBetter Casino Online payment option rather than cryptocurrencies is a more sensible way to fund your gaming activities, particularly in the Middle East.

The region has a fast-growing iGaming industry, but dealing with online payments can feel like crossing a desert sandstorm blindfolded.

Unlike Western countries, where gambling is well-regulated and established, Arab nations have a more complicated relationship with such activities.

While some countries are cautiously embracing the industry, others remain firmly opposed, maintaining strict policies against gambling.

That creates a unique challenge for Arab players who want to enjoy the thrill of the game while prioritising the safety of their investment.

In that regard, using stable platforms such as MuchBetter is a far more sensible option than crypto.

MuchBetter offers a service which lives up to its name. You get faster transactions in terms of funding your account and withdrawing profits.

However, it is an entirely different ball game with crypto. By the time the transaction goes through, Bitcoin’s value may have dropped by 20%.

That is the kind of unpredictability that can turn a great gambling session into a financial nightmare. It’s like betting on a horse that runs backwards.

MuchBetter doesn’t make you feel like you’re playing Russian roulette with your cash. It’s a secure, reliable and user-friendly payment method that’s perfect for iGaming. It uses robust security measures that would make even the most paranoid conspiracy theorist feel safe.

You don’t have to worry about waking up to find your account value has plummeted overnight with MuchBetter. With crypto, it’s a rollercoaster ride that can leave players feeling nauseous.

As a gambler, you already take enough risks. The last thing you need is to gamble on a payment method that is highly unpredictable.

Sticking to a reliable option such as MuchBetter is just common sense. It’s the smart, stable, secure and easy-to-use choice for gamblers who prioritise the security of their hard-earned cash.