Home web3.0 Bitcoin Price Predictions: Polymarket, Kalshi and Fundstrat See Bitcoin (BTC) Hitting $100K or More by Year-End

Bitcoin Price Predictions: Polymarket, Kalshi and Fundstrat See Bitcoin (BTC) Hitting $100K or More by Year-End

Nov 17, 2024 am 06:32 AM
bitcoin prediction markets

So with various cryptocurrencies soaring since Donald Trump won the election, maybe prediction markets can accurately answer the question, “How high will Bitcoin go?”

Bitcoin Price Predictions: Polymarket, Kalshi and Fundstrat See Bitcoin (BTC) Hitting 0K or More by Year-End

With various cryptocurrencies soaring since Donald Trump won the election, perhaps 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 several options for Bitcoin, which is currently trading at around $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%, followed by $110,000 at 14%.

A separate contract that asks if Bitcoin will be above $90,000 on Nov. 22 shows 60% odds, while another contract asking if Bitcoin will reach $100,000 in November has only a 42% chance.

On the prediction market Kalshi, a contract that asks how high Bitcoin will get before 2026 shows 52% odds for $125,000 or above and 44% odds for $150,000 and above.

If prediction markets aren't your thing and you prefer a forecast from a more conventional Wall Street analyst, there's Fundstrat Global Advisors cofounder Tom Lee.

Among the forecasters surveyed by Bloomberg, his stock market call in 2023 turned out to be the most accurate.

As for Bitcoin, he said in March that it could hit $150,000 by year-end. While that looks less likely now with just a month and a half left in the year, Lee told CNBC last week that “six figures” is still possible before the end of the year with more gains in 2025 in 2026.

“I think now because post-halving, Bitcoin is becoming a lot more relevant, and I think maybe the regulatory overhang is diminishing, there's a lot of upside from here,” he explained.

Bitcoin has already soared 32% so far in November alone and has more than doubled this year. To get to $100,000, it would have to climb another 10%.

But there are signs that the post-election rally is stalling as the stock market notched a losing week. Still, key components of the “Trump trade” are riding high, like Tesla stock, Treasury yields, and the dollar.

Meanwhile, Quinn Thompson, the founder of the crypto hedge fund Lekker Capital, told Fortune this past week that he's optimistic Bitcoin will attain the $100,000 milestone soon.

“I feel good that we hit it by year-end,” he said. “Very possible by end of month, but we'll see.”

The above is the detailed content of Bitcoin Price Predictions: Polymarket, Kalshi and Fundstrat See Bitcoin (BTC) Hitting $100K or More by Year-End. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
1 months ago By 尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
1 months ago By 尊渡假赌尊渡假赌尊渡假赌
Will R.E.P.O. Have Crossplay?
1 months ago By 尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Bitcoin (BTC) Poised for a 90% Rally as Puell Multiple Flashes Golden Cross Bitcoin (BTC) Poised for a 90% Rally as Puell Multiple Flashes Golden Cross Nov 20, 2024 am 10:28 AM

Onchain data analytical platform CryptoQuant has flagged a key Bitcoin (BTC) metric that suggests a potential 90% rally for the leading cryptocurrency.

Bitcoin (BTC) Exchange Reserves Drop to November 2018 Lows, Raising Liquidity Concerns Bitcoin (BTC) Exchange Reserves Drop to November 2018 Lows, Raising Liquidity Concerns Nov 17, 2024 am 09:58 AM

Bitcoin's (BTC) exchange reserves have dropped to their lowest level since November 2018, reflecting a significant shift in market dynamics.

Bitcoin (BTC) Set to Outperform Gold (XAU) Even Without US Government Backing, Says Luke Gromen Bitcoin (BTC) Set to Outperform Gold (XAU) Even Without US Government Backing, Says Luke Gromen Nov 20, 2024 am 03:20 AM

Veteran macro investor Luke Gromen believes Bitcoin (BTC) is set to outperform gold even without the backing of the US government.

Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges Bitcoin Surpasses $90,000, Shiba Inu Momentum Stalls, Solana Surges Nov 20, 2024 am 11:21 AM

In addition to surpassing earlier highs, Bitcoin has reached a critical price level of $92,000, which has strengthened its position in the current bullish cycle.

Solidion Technology Follows MicroStrategy's Playbook, Allocates Bitcoin to Corporate Treasury Solidion Technology Follows MicroStrategy's Playbook, Allocates Bitcoin to Corporate Treasury Nov 17, 2024 am 03:58 AM

Solidion Technology, Inc. (NASDAQ: STI), a leading provider of advanced battery materials, has announced a significant strategic allocation of Bitcoin within its corporate treasury.

Bitcoin's Journey to $1M Relies on Scarcity, Adoption, and Market Dynamics, Not Magic Bitcoin's Journey to $1M Relies on Scarcity, Adoption, and Market Dynamics, Not Magic Nov 19, 2024 pm 09:36 PM

Bitcoin ETF inflows and treasury adoption push institutional confidence and price growth. Reaching 3% of global wealth could propel Bitcoin's market cap to $20 trillion.

Bitcoin (BTC) Price Analysis: Willy Woo Forecasts New All-Time Highs Above $100,000 Bitcoin (BTC) Price Analysis: Willy Woo Forecasts New All-Time Highs Above $100,000 Nov 16, 2024 am 12:14 AM

Prominent Bitcoin analyst Willy Woo recently shared his insights on social media platform X (formerly Twitter), forecasting Bitcoin's upcoming price movements.

Could Bitcoin (BTC) Price Hit $100k This Month? Here's What the Charts Say Could Bitcoin (BTC) Price Hit $100k This Month? Here's What the Charts Say Nov 19, 2024 am 09:34 AM

As Bitcoin continues its upward trajectory, analysts are increasingly discussing the possibility of it reaching $100k in November.