I still remember when people laughed at me for just mentioning crypto back in the day and now, all eyes are on whether Bitcoin will hit some crazy ATH(all-time highs) by the end of this year. It's the financial asset currently in the world with the most attention.
This morning, I was scrolling through Polymarket and Kalshi (platforms where people bet real money on future events), and I saw that 87% of bettors believe Bitcoin will stay above $100K by the end of this year. 37% of the 87% even think it could go all the way to $150K, and a small but bold 3% are even betting it’ll hit one million. Before I proceed any further, trust me, I can bet my lifesavings a million won't happen this year, it's not a meme coin for crying out loud. I believe it will do a million in some time to come, but for this year it's a big no and hallucinations.
A mix of hope and hype.
I'd say sit in the middle if you ask me. I want to believe Bitcoin will super pump this year, but I’ve seen it crash too many times to not be cautious. When the pump began this year I almost bet a lot it was going through the roof because we had Trump as president, but no one predicted tarrif was going to change sentiments.
How quickly the sentiment shifts.
Anyways while some are betting big, 5% think Bitcoin could actually drop to $20,000 again. Although everything is possible in this space, with the international recognition BTC has had, I really don't think that would happen. But in the unlikely turn of events when something like this happens, Gee that would be brutal.
My balanced advice.
Haven't been burned before but still believes in the future of crypto, I might place a small bet myself, not just for the money, but for the thrill. This simply means don't invest what you can't afford to loose and just have fun while you're at it, besides that's what life is really all about.