Celebrities and notable figures are drawn to the crypto industry. Drake, a Canadian rapper who uses Bitcoins is one of them. [BTC] He bets on many sporting events. Recently, he bet on the NBA Finals. However, the rapper did not have everything go according to plan. Drake invested $500,000 of Bitcoin in Stake on Dallas Mavericks on 6 June. In the hope that they’d win, he bet $500,000 in Bitcoin on Dallas Mavericks. The rapper announced his wager on Instagram and said: “Dallas cause I’m a Texan.”
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Drake was dealt a serious blow when the Boston Celtics captured the title with a victory of 106-88 on the home court. He was smart enough to not put his entire fortune in one basket. A bet for $500,000 was also made on the Stanley Cup finals of the NHL. His bet was on the Edmonton Oilers. He placed his bet on the Edmonton Oilers.
Game 5 will take place at Florida Panthers’ home. Drake placed his hopes on the Oilers after the Mavericks failed to make it to the game 6 final.
Drake’s Bitcoin Bets in the Past
Drake uses Stake to the fullest extent possible. Stake collaborated in 2022 with Drake and went on to make $2.6 Billion in profit that year. The rapper made some money through betting, but he suffered some losses as well. Early this year, the rapper was down $615,000 after Francis Ngannou had lost to Anthony Joshua during a boxing bout.
Also Read: Drake’s Failed Bitcoin Bet on F1; $234k Goes for a Toss
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Source: watcher.guru