##BTC
On Friday, December 27, Polymarket hosted a high-stakes bet that attracted a volume of $2,517,135 and will expire on December 31, 2024. The bet indicates only a 30% probability that Bitcoin
(BTC) will reach $100,000 again this year.
As of 3:00 p.m. ET on Friday, Bitcoin is holding at $94,400 after hitting a record high of $108,364 on December 17. The betting rules state:
“This market will immediately resolve as ‘Yes’ if any 1-minute candle for Bitcoin (BTCUSDT) on Binance between December 23, 2024, 2:50 PM and December 31, 2024, 11:59 PM ET has a final ‘High’ price of $100,000.00 or higher. Otherwise, this market will resolve as ‘No.’”
$150K Bitcoin by 2025? Polymarket Bettors Split Between Long-Term Optimism and Near-Term Hesitation
Bettors on Polymarket also place bets on where the price of Bitcoin will be by March 31, 2025. Price options range from $70,000 to $200,000, including $90,000, $110,000, and $120,000, three of the most popular options.
The $90,000 prediction leads with an 85% chance, followed by $110,000 at 64%. Meanwhile, $120,000 holds a 45% chance, and $130,000 is estimated to have a 34% chance.
Looking higher on the scale, the $150,000 rate is 21%, while the $200,000 target is holding at just 9%. The difference between the rates on the $100,000 short-term target and the $150,000 high-end target in early 2025 suggests that while short-term gains may be limited, long-term optimism is flourishing. #BTC
This situation paints a picture of a market where, even with possible short-term fluctuations, some see it as poised for a major leap forward. Investors and market watchers alike will no doubt be keeping a close eye on the betting markets to see what the future holds.