💥 Bad forecasts for Bitcoin for August 2024? Come on, who would doubt it!
Here's some information I found so you don't get lost in this crypto chaos. At Polymarket, participants actually compete in pessimism:
- 🥶 48% are confident that the price of Bitcoin will fall below $60,000;
- 🥶 26% expect a drop to as much as $55,000;
- 🥶 12% predict a descent to $50,000;
- 😱 And the most desperate 4% are preparing for a price of $45,000.
🤔 Well, someone will say: “Hey, it's just numbers!”, but if you follow crypto, you know that August and September usually do not spoil us with BTC growth. Take a look at June 2024: trading volume on Polymarket soared to a cosmic $111.5 million! Not bad, right? In addition, they also managed to partner with MoonPay and raise $70 million from Founders Fund and other ventures.
But Jefferies (well, those who analyze things all the time) say that the price of Bitcoin is dancing in time with the US presidential elections, which are scheduled for November 4, 2024. So if you think crypto has a life of its own, think again. 🧐
Personally, I'm not going to say that all of this will come true 100%... but studying such predictions is my bread and butter. So keep your finger on the pulse and don’t let the market outsmart you! 😎📉
