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High Stakes, Low Risk: Bitcoin Meets $50M Poker Guarantee at WSOP Paradise 2024

High Stakes, Low Risk: Bitcoin Meets $50M Poker Guarantee at WSOP Paradise 2024
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Iva Dozet News Editor
  • Fact Checked by: PokerListings
  • Last updated on: November 25, 2024 · 2 minutes to read

The World Series of Poker (WSOP) is preparing for one of the most ambitious events in poker history: the 2024 WSOP Paradise Super Main Event. With a record-breaking $50 million guarantee, it’s not just the prize pool grabbing attention anymore.

On Thursday, November 21st, the WSOP introduced a unique Bitcoin Price Protection deal, aimed at reassuring crypto-savvy players who might otherwise hesitate due to the cryptocurrency’s well-known volatility. This move is definitely something that reflects the brand’s broader push to integrate cryptocurrency into the poker landscape, appealing to a growing segment of players who prefer to deal in digital assets. Let’s dig into the details.

Bitcoin Price Protection: A Poker First

It’s no secret that cryptocurrency has become a prominent part of contemporary poker, and WSOP is capitalizing on this trend with its Bitcoin Price Protection offer. Designed specifically for players registering for the $26,000 Super Main Event through the WSOP+ app, the offer addresses one of the biggest challenges associated with using Bitcoin: its unpredictable value.

Here’s how it works: If the value of Bitcoin rises between the time of the buy-in and the end of the tournament, WSOP will refund the difference to players who cash in the event. On the flip side, if Bitcoin’s value drops, the buy-in remains locked at the higher initial value, insulating players from market losses. This feature applies exclusively to the first entry — commonly referred to as a “bullet” — and only to players who finish in the money.

WSOP Paradise 2024
WSOP Paradise 2024

If anything, this move signals WSOP’s understanding of its audience and their financial concerns. By offering protection against Bitcoin’s volatility, WSOP Paradise 2024 not only reassures crypto enthusiasts but also demonstrates a commitment to creating an inclusive and adaptable environment for all players. Participants can take advantage of the offer by registering via the WSOP+ app ahead of the tournament’s start, bringing a sense of stability to what is often a high-risk endeavor.

Crypto Meets Poker’s Biggest Stage

The timing of this initiative couldn’t be better. Bitcoin’s recent rally, with prices approaching historic highs, has boosted the bankrolls of many poker players who invested early in cryptocurrency. This influx of disposable income could lead to increased participation in high-stakes events like the WSOP Paradise 2024 Super Main Event.

For WSOP, the Bitcoin Price Protection offer is more than just a financial safeguard; it’s a statement of intent. By embracing cryptocurrency, WSOP is positioning itself as a forward-thinking organization catering to contemporary players’ preferences.

The $50 million guarantee is ambitious, but the combination of Bitcoin’s bullish momentum and WSOP’s proactive approach could help make it a reality. For poker enthusiasts, this definitely marks a intersection of digital finance and live events, setting the stage for what could be one of the most memorable tournaments in poker history.

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