How high will Bitcoin go? Here’s what prediction markets say

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

About crypto base Polymarketwhere the so-called French whale reaped a huge windfall after the election, bettors have a variety of options for Bitcoin, which is currently trading at around $91,000.

For a contract on what the price of Bitcoin will be in November, there is a 72% chance that it will reach $95,000. The next most likely price is $105,000 at 23%, then $110,000 at 14%.

Another contract asking if Bitcoin will hit $90,000 on November 22nd has a probability of 60%, while another contract asking if Bitcoin will hit $100,000 in November. The probability is only 42%.

in prediction market karshia contract asking how high Bitcoin will go by 2026 shows 52% odds of above $125,000 and 44% odds of above $150,000.

If prediction markets aren’t your thing and you’d prefer more traditional Wall Street analyst predictions, Tom Lee, co-founder of Fundstrat Global Advisors, is for you.

among them, Bloomberg surveys tipstershis stock market judgment in 2023 turned out to be the most accurate.

As for Bitcoin, he said in March that it could reach $150,000 by the end of the year. With only a month and a half left in this year, that seems unlikely, but Lee told CNBC. Last week, we said that “six digits” by the end of the year is still possible, with further gains possible in 2025 and 2026.

“Bitcoin has become more relevant since the halving, the regulatory overhang has probably decreased, and I think there is 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. It would need to rise another 10% to reach $100,000.

However, there are signs that the post-election rally is stalling as the stock market has had a down week. Still, key components of the “Trump trade” are soaring, including Tesla stock, Treasury yields and the dollar.

Meanwhile, Quinn Thompson, founder of cryptocurrency hedge fund Wrecker Capital, said: luck He said last week that he was optimistic that Bitcoin would reach the $100,000 milestone soon.

“I’m glad we achieved our goal by the end of the year,” he said. “It’s very likely we’ll get it by the end of the month, but we’ll see.”