Bitcoin To Hit $250,000 In 2024? Crypto Backers Bet On The Odds Of A Holiday Miracle
Posted On October 29, 2024
Bitcoin’s (CRYPTO: BTC) smashing rally past $71,000 has reinvigorated the market, but should one remain humble or prepare for something miraculous—like a run to $250,000 by year-end?
What happened: After a nearly five-month wait, the leading cryptocurrency sailed above $71,000 and is now within touching distance of its all-time high of $73,737.
Things were shaping well for Bitcoin as banking giant Standard Chartered had predicted the leading cryptocurrency to hit $73,000 on the day of the presidential election next week.
Punters on the cryptocurrency-based betting market Polymarket were also leaning toward an 84% …
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