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Here’s How Much Bitcoin (BTC) Drake Lost Betting on the Super Bowl

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Drake's Bet on Super Bowl


The “Drake curse” is back again.

The Canadian musician Aubrey Drake Graham, better known as Drake, suffered a substantial crypto loss after betting on the outcome of the Super Bowl.

Over the years, he parted with millions of dollars worth of Bitcoin (BTC) on bets he publicly shared, as the teams he backed in football, basketball, and other sports often ended up losing.

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Drake’s Latest Crypto Loss

The Super Bowl – one of the most-watched sporting events across the globe – was held on February 8 and offered a great show for the spectators. The arena of the match was Levi’s Stadium, while the two teams competing for the title were the Seattle Seahawks and the New England Patriots.

This particular match is usually the most heavily bet-on single sporting event in the United States. One popular person who tried his luck on it was the rapper Drake.

He revealed on his personal Instagram account that he wagered a whopping $1 million worth of Bitcoin (BTC) on the New England Patriots to win the game.

Drake's Bet on Super Bowl
Drake’s Bet on Super Bowl, Source: Instagram

The odds were set at 2.95, meaning Drake would have made a profit of almost $2 million worth of the cryptocurrency had the team been victorious. Unfortunately for him, the Seattle Seahawks became champions after beating their opponents 29-13.

The Previous Bets

While the musician seems to be a huge fan of betting on various sports events, he rarely picks the right horse. In 2022, he wagered a little over $600,000 worth of BTC on the English football club Arsenal to beat Leeds United and on FC Barcelona to win “El Clásico” versus its biggest rival, Real Madrid. The team from Spain’s capital won the game, leaving Drake to taste defeat once again.

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At the start of 2024, the Canadian tried his luck with UFC, betting $700,000 worth of BTC on Sean Strickland to beat Dricus du Plessis. The latter, though, won after a split decision from the judges.

Several months later, he tried a really risky bet. He wagered $300,000 in the primary cryptocurrency on Canada’s national football team to win against the reigning world champion Argentina. The odds for the North American country were almost 10, meaning Drake would have made a substantial profit. Somewhat expectedly, however, the team captained by Lionel Messi won by 2-0.

Those losses (and many more) over the years gave rise to the so-called “Drake curse.” It is a popular Internet meme that refers to the pattern where the rapper publicly supports or bets on a club or athlete, only for them to lose in the aftermath.

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Crypto World

Bitcoin, Ethereum, Crypto News & Price Indexes

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Bitcoin, Ethereum, Crypto News & Price Indexes

Chainlink co-founder Sergey Nazarov argues the recent crypto market downturn is unlike any previous bear market — there have been no major FTX-style collapses, and tokenized real-world asset (RWA) growth remains substantial.

Market cycles are normal, “but what is important is what those cycles reveal about how far the industry has progressed,” said Nazarov on X on Tuesday. 

Crypto market capitalization has fallen 44% from its October all-time high of $4.4 trillion, with almost $2 trillion exiting the space in just four months.  

Nazarov, however, did not appear concerned, highlighting two primary factors that separate this current bear market from previous ones. 

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Unlike previous cycles, such as the FTX and crypto-lending failures in 2022, there haven’t been major institutional collapses during this drawdown, indicating the industry can now handle volatility more reliably, he said. 

“There have been no large risk management failures leading to large institutional failures or widespread systemic risks.”

RWA growth will drive institutions and infrastructure

Secondly, RWA tokenization and on-chain perpetual contracts for traditional commodities continue accelerating regardless of crypto prices, proving this innovation has standalone value beyond speculation.

Tokenized RWA onchain value has increased 300% over the past 12 months, according to RWA.xyz. 

Tokenized RWA onchain value has skyrocketed over the past year. Source: RWA.xyz

This signals that having real-world assets on-chain “is not tightly coupled to cryptocurrency prices but provides its own unique value that can grow irrespective of market pricing of Bitcoin or other crypto assets,” he said.

The surge hasn’t been reflected in the price of Chainlink (LINK), however, with the blockchain oracle and RWA-centric asset tanking 67% since its October peak and down 83% since its 2021 all-time high, trading at a bear-market low below $9 at the time of writing.

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Related: Crypto VC Funding Doubled in 2025 as RWA Tokenization Took the Lead

Nazarov also sees other converging trends reshaping the future of crypto. 

On-chain perps and tokenization offer unique value, such as 24/7 markets, on-chain collateral, and real-time data, which is growing steadily. Institutional adoption will be driven by this fundamental utility, and infrastructure demand will surge as complex RWAs require more sophisticated on-chain systems, the Chainlink co-founder said.

“If these trends continue, I believe what I have been saying for years will happen; on-chain RWAs will surpass cryptocurrency in the total value in our industry, and what our industry is about will fundamentally change.”

Not all bear markets are equal 

Bernstein analyst Gautam Chhugani echoed the sentiment in a note on Monday, writing that we are experiencing “the weakest Bitcoin bear case in its history.” 

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“The current Bitcoin price action is a mere crisis of confidence. Nothing broke, no skeletons will show up,” analysts led by Chhugani said.

Jeff Mei, chief operating officer at the BTSE exchange, told Cointelegraph that this sell-off is different “in that it was caused largely by non-crypto catalysts.”

Those include fears that a faltering AI tech boom could cause stocks to crash, “compounded by the appointment of Kevin Warsh to Fed chair, who many believe will reduce liquidity in the financial system,” he said. 

Magazine: Bitcoin difficulty plunges, Buterin sells off Ethereum: Hodler’s Digest

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