CandleFocus Can BTC Hit Six Digits? Exploring Bitcoin’s $100K Predictions With Kalshi and Polymarket Insights
2024-11-25
Author: Content Editor
The prediction markets Kalshi and Polymarket have mixed expectations for Bitcoin reaching $100,000 in the coming months and throughout 2024. Traders on Kalshi estimate a 37% probability of Bitcoin exceeding $100,000 by December 2024, while Polymarket traders assign a 40% chance of Bitcoin surpassing $100,000 in November 2024. However, market sentiment strengthens over the longer term, with 77% of participants confident that Bitcoin will reach this price before the end of 2024. The discrepancy in confidence for November versus the rest of the year highlights uncertainty in short-term market dynamics. These prediction markets provide insight into collective sentiment on Bitcoin's price trajectory and have significant volume backing them.
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