After accurately predicting the 2024 U.S. Presidential Election, Polymarket is now asking, “What price will Bitcoin (BTC) reach in November?” Currently, 74% of bets are on Bitcoin reaching $95,000, 37% are on $105,000, and 95% are betting on $90,000. Bitcoin has been doing well recently, reaching $89,000 before settling around $89,932.
The popularity of this question has led to a market volume of 12,862,600. With a market cap of over $1.77 trillion and nearing $2 trillion, Bitcoin has reached an all-time high of $89K, surpassing silver. If the rally continues, it could even surpass Saudi Aramco, the petroleum and refineries giant.
This surge has not only been a win for investors but has also sparked a rivalry among countries looking to increase their Bitcoin holdings. While the Trump administration considers a Bitcoin National Reserve, smaller countries like Bhutan are not far behind, with the Royal Government of Bhutan holding $1 billion worth of BTC, now valued at $1.13 billion.
