Drake’s $1M Bitcoin Bet Goes Down Faster Than McGregor

Drake’s curse of losing sports bets continues at full pace - the Canadian rapper lost exactly $1 million on Conor McGregor’s lost fight. This week, the Irish giant faced Max Holloway at UFC 329 in Las Vegas after a five-year hiatus.

As the story goes, the very first five seconds of the boxing match were decisive: McGregor landed awkwardly on his right knee, leaving his supporters gasping for air. The shock came in just 1:09 into the fight as the referee called it off.

The ref handed Holloway the victory after he unloaded a barrage of punches on the legendary Irishman. This made Drake immediately lose his $1 million USDT bet, initially funded via Bitcoin (BTC). This has contributed to a long list of infamous sports betting losses by the rapper, including:

Drake bet heavily on the Warriors to repeat as champions. They lost to the Cleveland Cavaliers in a shocking upset. He reportedly lost six figures on that series.

He put big money on the Bucks to beat the Toronto Raptors. The Raptors won the series (and the championship). Drake’s home team curse is in full swing here.

Drake bet on Adesanya to beat Jared Cannonier. Adesanya won, but Drake had other losing bets that night — part of a rough stretch.

Drake has lost six- and seven-figure parlays on NFL games multiple times, including high-profile Thanksgiving and playoff bets that went sideways.

He’s taken multiple big L’s on boxing matches and UFC cards, including high-stakes props that didn’t hit.

The Canadian Hip Hop artist’s massive gambling loss comes amid Bitcoin’s (BTC) tumble below $62,000 amid rising geopolitical beef. Most major-cap digital currencies dropped by 3-5% on Monday afternoon, according to TradingView. This has pushed Crypto’s Fear & Greed Index back to ‘extreme fear’ levels after a two weeks of relative calm.

Meanwhile, on-chain metrics deliver a bearish story: as the Parabolic Stop & Reverse (SAR) index flashes a ‘sell’ signal, the crypto whale stats point to a hefty sell-off going on. Any chances to regain the $64,000 now depend on the market’s reaction to Donald Trump’s latest imposition of a 20% cargo fee on any goods transitioning via the Strait Of Hormuz.

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