Polymarket Bettors Say 60% Likelihood Bitcoin Crosses $100K This Year
The odds of Bitcoin (CRYPTO: BTC) reaching $100,000 by the end of 2024 have surged, with bettors on Polymarket currently assigning a 60% probability to the milestone.
This confidence follows Bitcoin’s new all-time high of $87,293 on Monday afternoon, according to data from CoinGecko.
Wagers on Bitcoin reaching $100,000 in 2024 have exceeded $2.6 million in trading volume, with bettors currently assigning a 57% probability.
Bitcoin is trading up about 10.3% in the past 24 hours and 30% over the past week.
Speaking with Benzinga, analysts attribute the momentum to a combination of macroeconomic factors, regulatory expectations and increased institutional activity, with some cautioning about potential volatility.
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