Crypto crash wipes $150 billion, pushes players into sports and politics bets
A brutal crypto crash has erased $150 billion in value and driven traders into a different kind of gamble; sports, politics, and real-world prediction markets.
People who used to trade memecoins now track election odds, weather forecasts, and even central bank decisions.
Analyst Nikshep Saravanan reportedly used to spend his days building a digital creator startup, pitching to VCs, and trading memecoins. But by January, he quit. “As I was trying to get traction without funding, the prediction-markets space started blowing up,” said Nikshep.
Traders leave altcoins and bet on real-world events
The traders aren’t just bored. They’re tired. Bitcoin is down nearly 30% since October. Many altcoins lost even more. Interest faded….
