Myriad Moves: Predictors Turn Bullish on Bitcoin Rebounding to $100K
After Thanksgiving, optimism has increased among crypto participants as Bitcoin rallied 7.4% in the past week, rebounding to $91,000, though still 28% below its August peak. Prediction markets on Myriad now see a 74% chance that Bitcoin will reach $100,000 before dropping to $69,000, reflecting a 24% rise in bullish odds since the market opened. Expert sentiment is mixed but includes bullish takes from figures like Tom Lee and Michael Saylor, who maintain optimism for fresh highs by year-end. An anticipated December rate cut could provide further momentum. Meanwhile, predictors give a 60% probability that Coinbase CEO Brian Armstrong will not appear on the first episode of the newly funded UpOnly podcast, despite Coinbase's acquisition of Echo and the UpOnly NFT. For neobank Revolut, odds have shifted decisively against the company announcing a stablecoin in 2024, currently at 86% “no,” despite regulatory progress and rumors earlier in the year. The market for this prediction closes at the end of December.
