2024-01-05 07:03:49
Polymarket is a betting platform that aims to predict various matters that will happen in the future, whether it be stocks, finance, crypto, politics, or others. Users will come to place bets with USDC coins that will Changed the format to share, where each share is worth 1 dollar. If you bet once morest the crowd, you will get more shares. Users can sell shares back at any time without paying fees. Until the conclusion of various events is confirmed and the prizes are distributed to the correct predictions.
what happened
Latest data from popular Ethereum futures prediction platform Polymarket shows that At this time, there are investors who are confident and predict that the Bitcoin Spot ETF will be approved before January 15, as many as 79%, or a share value of 0.79 cents, while on the investor side. Investors who bet that the Bitcoin Spot ETF will be rejected are 21% or 0.21 cents worth of shares, and many people are now making predictions regarding its future. The total value of the predictions is more than $1.5 million.
Image: Bitcoin ETF future prediction graph on Polymarket.
From the above data, it can be seen that many investors believe that the US SEC will approve the Bitcoin Spot ETF before January 15th, and many are speculating that it may be approved before the deadline.
However, we will have to follow and wait to see. Before that deadline, will Bitcoin Spot ETF actually be approved?
At the time of the report, the price of Bitcoin was trading at $43,600, recovering slightly. After falling past the $41,000 mark on Wednesday, Reference price from coinmarketcap
Image: Bitcoin price chart on Coinmarketcap.
Source: Polymarket
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