CS2 skins market hits record high $4.3 billion market cap

Bloomberg writer Cecilia D’Anastasio recently published an article outlining the rapidly growing value of skins in Valve’s first-person shooter.

The total value of skins in Counter-Strike has grown greatly since the beginning of the year. This is in contrast to Bitcoin, Ethereum, and the S&P 500, which have all fallen in value since the turn of the new year.

Illustrating the real-life value of skins, an AK-47 StatTrak Case Hardened sold for $1 million in June of last year.

With CS2 recently reaching another all-time high in popularity, the skins market will likely continue to grow alongside it. While the continued growth of the market will likely please high-volume traders and fans alike, concerns have been raised over the years over skins being used for unregulated and poorly regulated gambling, their use as an unregulated commodity, among other concerns.

Find the full Bloomberg article here.