Background
Bitcoin has shown significant volatility throughout its history. As of early 2024, Bitcoin has reached new highs above $70,000, driven by factors including institutional adoption, ETF approvals, and the upcoming halving event. Multiple forecasts from crypto analysts and platforms suggest Bitcoin is likely to continue its upward trajectory through 2025, with predictions ranging from $75,500 to $155,000.
Resolution Criteria
This market will resolve YES if the price of Bitcoin is at or above $90,000 (±$100) on June 1, 2025 at 12:00 UTC, according to the Coinbase Pro BTC/USD spot price. The market will resolve NO if the price is below this range.
Considerations
Most analyst predictions suggest Bitcoin will be significantly higher than $90,000 by June 2025
Polymarket indicates a 79% probability that Bitcoin will surpass its previous all-time high by June 30, 2025
The cryptocurrency market is known for its high volatility, and prices can be influenced by various factors including:
Regulatory changes
Institutional adoption
Macroeconomic conditions
Technological developments
Market sentiment
1,000@420btc The resolution criteria in the description is just wrong (seems AI generated):
This market will resolve YES if the price of Bitcoin is $90,000 (±$100) on June 1, 2025 at 12:00 UTC, according to the Coinbase Pro BTC/USD spot price. The market will resolve NO if the price is outside this range.
This means if BTC is above $90100 then the market would resolve NO, clearly contradicting the title and what's implied in "considerations" for "most analyst predictions" etc.
Can you fix the criteria in description, and edit the title if the threshold is actually >$89.9k? or is it >$90.1k? Thanks.
cc @mods creator inactive for nearly a month. Is it possible to fix the criteria in description here? It's clearly in conflict with title and spirit.