How high will Bitcoin go? Here’s what prediction markets say
Prediction markets had a breakout moment during the presidential election, when they proved to be more accurate than most opinion polls.
So with various cryptocurrencies soaring since Donald Trump won the election, maybe prediction markets can accurately answer the question, “How high will Bitcoin go?”
On the crypto-based Polymarket, where the so-called French whale netted a massive post-election windfall, bettors have various options for Bitcoin, which is currently trading at about $91,000.
For a contract on what price Bitcoin will hit in November, the odds are 72% that it will reach $95,000. The price with the next highest odds is $105,000 at 23%, then $110,000 at 14%.
A separate contract that asks if Bitcoin will be…
