Key Points
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Prediction market traders currently give Bitcoin a 10% chance of hitting $150,000 this year.
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As midterm elections approach, the U.S. government might start actively buying Bitcoin for the Strategic Bitcoin Reserve.
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In an ultimate bull-case scenario, U.S. buying of Bitcoin will set off a crypto “arms race” around the world.
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At a current price of $67,000, Bitcoin (CRYPTO: BTC) is now 46% below its all-time high of $126,000 from October. For more than four months now, there has been steady selling pressure on Bitcoin.
So it’s perhaps no surprise that prediction market traders think Bitcoin has almost no chance of hitting $150,000 this year. But what if they’re ignoring…







