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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40%

Rubmar Garcia
Rubmar Garcia
1 year ago
3 mins read
Bitcoin

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Canadian rapper Drake lost another Bitcoin bet after Argentina beat Canada 2-0 in the Copa America semifinals. The Argentine Football Association (AFA) fan token soared over 40% following the victory.

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Bitcoin Bet Lost: Did The ‘Drake Curse’ Do It Again?

On Monday, Drake shared on Instagram that he had bet against the Argentina National Football Team. Ahead of the match, the rapper placed a $300,000 bet in Bitcoin that the Canada National Football Team would defeat the World Cup champions 1-2.

Drake also teased the Argentine fans, saying, “This could get Messi.” If realized, the Canadian rapper would have received a $2,880,000 payout in Bitcoin.

bitcoin
Drake bets against Argentina. Source: Instagram

Canada reached the semifinals after beating the tournament’s revelation, the Venezuela National Football Team, in penalties. Meanwhile, the current World Cup champions also beat Ecuador in penalty shootouts.

Drake’s bet resulted in a loss after Argentina knocked Canada out of the Copa America. Following the victory, the AFA social media accounts took a jab at the rapper using Kendrick Lamar’s diss track ‘Not Like Us.’

Nonetheless, this is not Drake’s first rodeo with Bitcoin bets. Football watchers and the crypto community joked that the ‘Drake Curse’ continues after the loss. The Canadian rapper has a track record of losing hundreds of thousands with his sports bets and ‘cursing’ the teams the shows support.

Despite this, the rapper has also received profits from his crypto bets. He bet $1.15 million in Bitcoin in favor of the Kansas Chief’s victory in this year’s Super Bowl. The victory resulted in a return of $2.35 million in flagship cryptocurrency.

ARG Fan Token Soars 40%

Another victor was the Argentine Football Association Fan Token (ARG). The token saw a remarkable performance after Argentina booked its pass to the Copa America final.

ARG’s price registered red numbers ahead of the match as the token traded at $1,13 on Tuesday afternoon. This performance represented a 4.4%, 4.8% decrease in the daily and weekly timeframes. The token also exhibited a 35.6% price decline from the previous month.

After Argentina beat Canada, the fan token’s daily trading activity skyrocketed 227%, reaching a trading volume of $5.2 million. Before the match, ARG’s trading volume was around $1.4 million, according to CoinGecko data.

On Wednesday morning, ARG surged 41%, briefly hitting the $1.6 mark before retracing. As of this writing, the token hovers between the $1.55-$1.59 price range.

The recent performance represents a 35.7% and 120% increase in the weekly and yearly timeframes. However, the ARG fan token remains 81% down from its all-time high (ATH) price of $9.1 during the 2022 World Cup.

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1 year ago

Similarly, the Spain National Football Team fan token (SNFT) saw a 10% increase. On Tuesday, Spain knocked France out of the European Championship, winning 2-1. As a result, the SNFT went from trading at $0.023 to $0.026. Both tokens could see further positive price action depending on the result of their team’s respective finals.

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Bitcoin is trading at $58,457 in the five-day chart. Source: BTCUSDT on TradingView
Featured Image from Unsplash.com, Chart from TradingView.com
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Rubmar Garcia
Rubmar Garcia

Rubmar Garcia

Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.

Read more

From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.

In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.

At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.

After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.

Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies ­–or her favorite memes.

In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.

She also has a passion for learning new languages and cultures, having set the goal to learn another six languages ­– currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.

In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.

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Reason to trust

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Created by industry experts and meticulously reviewed
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