Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, NFTs, blockchain and more. If someone forwarded this to you, sign up here. In today’s issue, Michael P. Regan gears up for Sunday’s big Super Bowl showdown, which this year features crypto in almost every corner — as well as any number of ways to wager on it.
Super Bowl parties and cryptocurrency markets have something in common: Both are safe spaces for degens to make rash bets.
It’s not just that both foster risk, but also a diversity of risk-taking so extensive it borders on the absurd. That’s why Caesars has a menu of Super Bowl prop bets that’s 17 web pages long, and CoinMarketCap.com lists more than 9,000 tokens.