Analysis News TheBitTimes.com

Polymarket bettors have wagered close to $1 million that incoming US President Donald Trump will mention Bitcoin, Dogecoin, or crypto in his inauguration day speech on Jan. 20. Users of the decentralized platform have placed $645,218 on a bet that the President-elect will mention either “crypto” or “ Bitcoin ” on the day. Meanwhile, approximately $329,366 has been put towards a bet that he will mention leading meme coin Dogecoin (DOGE). Polymarket Contract On What Trump Will Say Surpasses $2 Million Overall Overall trading volume for the Polymarket contract related to what the incoming President will say during his inauguration has topped $2 million. There are just over 6 days left until the highly-anticipated event. Not all of the bets on the contract are crypto-related. Polymarket users have also wagered $143,069 on a bet that Trump will mention his political opponent Kamala Harris. There is also more than $19,000 placed on a bet that he will say the phr...

With the 2024 election results boosting the leading cryptocurrency, there are expectations it could only surge higher. Indeed, a new report says Bitcoin could target an increase to $100,000 before inauguration day after Donald Trump was reelected to the Presidency this month. Trump had driven Bitcoin to an all-time high a day after the results were counted. The token surged above the $76,000 level on November 6th, as it has increased more than 6% in the last seven days, according to CoinMarketCap. The results indicate that the US will have its first pro-crypto president in history, and that could mean its recent surge is just the start. Also Read: Donald Trump Election Creates Over 11,000 New Bitcoin Millionaires Bitcoin to $100,000? Experts Project the All-Time High Before Inauguration Day At the start of the year, the cryptocurrency sector had high hopes for Bitcoin. In January, the US Securities and Exchange Commission (SEC) approved it as the first crypto-based ETF in the United St...