Bitcoin Has Only a 5% Chance of Hitting $150,000 by June, According to Prediction Markets -- Here's Why I'm Not Taking Those Odds at Face Value - Yahoo Finance

Bitcoin Has Only a 5% Chance of Hitting $150,000 by June, According to Prediction Markets -- Here's Why I'm Not Taking Those Odds at Face Value Given the recent price performance of Bitcoin (CRYPTO: BTC), it's not surprising that prediction market traders are remarkably bearish on this cryptocurrency's future prospects. Right now, they are giving Bitcoin only a 5% chance (as of March 5) of hitting $150,000 by the end of June. On the surface, that makes sense. After all, Bitcoin is down more than 40% from its all-time high of $126,000 just a few months ago. At a current price of $71,000, Bitcoi

Bitcoin Has Only a 5% Chance of Hitting $150,000 by June, According to Prediction Markets -- Here's Why I'm Not Taking Those Odds at Face Value Given the recent price performance of Bitcoin (CRYPTO: BTC), it's not surprising that prediction market traders are remarkably bearish on this cryptocurrency's future prospects. Right now, they are giving Bitcoin only a 5% chance (as of March 5) of hitting $150,000 by the end of June. On the surface, that makes sense. After all, Bitcoin is down more than 40% from its all-time high of $126,000 just a few months ago. At a current price of $71,000, Bitcoi