Can Bitcoin hit $100,000 this year? Polymarket traders bet on this option

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As Bit continues to break historical highs every day, predictions about whether Bit will surge to $100,000 this year are being fiercely bet on the Polymarket prediction market.

As of 8:00 PM Taiwan time on November 11, the "yes" option price in the prediction market was $0.32. But as Bit continues to hit new highs, the price has risen to $0.62 at the time of writing, an increase of 93%. The total trading volume of bets on whether Bit will break $100,000 by 2024 has exceeded $2.88 million, and the current probability of traders' bets being realized is 61%.

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At the time of writing, Bit has risen 9.27% in the past 24 hours, with a trading price of $88,685, and reaching a high of around $89,500 this morning.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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