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Tech ObserverArticleWhy online casino, cryptocurrency and e-commerce thrived in 2021

Why online casino, cryptocurrency and e-commerce thrived in 2021

During the lockdowns around the world, people started to look for entertainment online, as a result, industries such as online casinos, cryptocurrency and e-commerce noted a massive increase in profits.

During the lockdowns around the world, people started to look for entertainment online, as a result, industries such as online casinos, cryptocurrency and e-commerce noted a massive increase in profits.

The coronavirus pandemic has affected the majority of businesses around the world. While 2020 was a year of massive losses, 2021 came with a beam of hope for business owners. Everything started opening gradually, and although life is not the same as it was pre-pandemic, the businesses that survived the pandemic are now looking for ways to recover what they lost and increase their profits for 2022. In this sense, 2021 has been all about healing from the damage brought by 2020.

However, while most businesses were struggling to recover their losses, other digital businesses thrived in 2021. During the lockdowns around the world, people started to look for entertainment online. As a result, industries such as online casinos, and e-commerce noted a massive increase in profits.

Online casino industry

It is no secret that people love casinos and with land-based casinos closed due to the pandemic, the industry continued to grow in popularity.

To maximise their profits and ride the popularity wave, many online casinos around the world started to offer their players an increasing number of benefits. For example, the Indian Betway Casino allows new Indian casino players to play the world’s first-ever cricket roulette and welcomes them with exclusive Betway bonus codes India.

Cryptocurrency

During the pandemic, more and more people started looking for additional ways to generate income online and began paying attention to the ever-growing cryptocurrency industry. Although there are many risks associated with investing in cryptocurrency, this industry saw a massive spike in interest in 2021. Cryptocurrencies proved to be highly resilient in the face of the economic crisis brought on by the pandemic. Terms such as cryptocurrency, Bitcoin, Ethereum and NFTs were the hot topics of 2021. Although no one can predict the next Bitcoin crash, the cryptocurrency industry is doing well and is expected to continue growing in the coming years.

E-commerce

The e-commerce industry has seen an overwhelming increase in profits since COVID-19 started. Global shutdowns, lockdowns and social distancing have forced people to stay indoors and perform many of their usual activities online. As a result, online shopping not only replaced the act of going to a shopping centre, but it also proved to be one of the most popular forms of entertainment.

In 2021, small and medium e-commerce businesses thrived. Yet, e-commerce giants noted jaw-dropping increases in profits due to the pandemic. For example, Amazon’s market value grew by 73.6% between 2020 and 2021, to a whopping $1.634tn. 

What is coming in 2022?

Although the worst days of the pandemic are already behind us, we still cannot be certain of what is coming in 2022. However, things are looking highly favourable for all types of digital businesses, no matter the state of the pandemic. Industries such as online gaming, online casinos, cryptocurrency and e-commerce have proven to be extremely profitable, even in the face of a global economic crisis such as the one the COVID-19 pandemic caused.

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