Bitcoin (BTC) has hit new highs in recent days, with many users of crypto betting site Kalshi predicting that the largest cryptocurrency on the market could hit the $100,000 milestone before the end of 2024. According to recent data from the event contract market, 60% of users believe Bitcoin will hit this milestone before January, while 45% are betting it could achieve this level as early as November. Analyst Predicts Six-Figure Bitcoin Prices By Year-End Kalshi, which launched in 2021, allows users to bet on various outcomes, including economic data releases and election results. The platform gained significant attention this year due to its legal battle with the Commodity Futures Trading Commission (CFTC), which ultimately led to US users being allowed to participate in betting markets for the presidential election. Since the US presidential election on November 5, Bitcoin has surged more than 28%. The election outcome has been viewed as bullish for cryptocurrencies, especially with President-elect Donald Trump expressing his support for the industry and hinting at more favorable regulations. Related Reading: Justin Drake Unveils ‘The Beam Chain’: A Vision For Ethereum ..
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