According to Polymarket, Bitcoin will reach $100,000 by the end of the year.

According to the decentralized prediction platform Polymarket, there is a 65% chance of Bitcoin reaching $100,000 within the year.

The Polygon-based decentralized prediction platform Polymarket had demonstrated its success in the US presidential elections. Polymarket, which provided much more consistent results compared to other polls, gained the trust of the crypto user. With the sharp rise of Bitcoin, other bets on the platform started to attract attention. The most prominent among these is whether BTC can reach $100,000 within the year.

Polymarket continues to steer the crypto agenda

Polymarket, which has made its mark on the cryptocurrency sector with consistent data in the US presidential elections, is now in the spotlight with predictions about Bitcoin. According to the platform, there is a 65% chance that BTC will reach $100,000 within the year 2024. As of the writing of the news, Bitcoin is trading at $89,500 and it could reach $100,000 with positive data from spot ETFs or statements from Donald Trump. During this process, the bets of Polymarket users will also play a critical role.

The shaping of Polymarket surveys based on the played bet makes the predictions even more important. This effect was frequently observed in the US presidential elections. For example, Donald Trump's lead in the polls brought about sharp rises in Bitcoin. If the same scenario is seen in the year-end price of BTC, we may witness a rapid rise.

However, caution is always necessary. The $100,000 level will be particularly challenging from a psychological perspective. Testing this level will increase volatility. If there are weekly closures above $100,000, the bull run will accelerate.

This article does not contain investment advice or recommendation. Every investment and trading operation involves risks, and readers should conduct their own research when making decisions.