Bitcoin traders favor $100,000 first as valuation methods multiply

Bloomberg+2 · 22 hours ago
Bitcoin traders favor $100,000 first as valuation methods multiply
  • Kalshi prediction-market traders put 83% odds on Bitcoin hitting $100,000 before $50,000, against 17% for $50,000 first.
  • Ned Davis Research's John Laforge says network adoption is the best way to assess Bitcoin's worth, with a path to $230,000 within a decade.
  • New ETF launches show demand for tax deferral, AI winners, and Bitcoin hedging strategies.

Quotes

Bitcoin sits at a crossroads, and traders on a regulated prediction market are putting real money behind a striking verdict about which price level it reaches next.Yahoo Finance
John Laforge, of Ned Davis Research, said network adoption is the best way of assessing the cryptocurrency’s worth.John Laforge
The latest launches reveal the most important trends — from deferring taxes to artificial intelligence and Bitcoin hedging.Joel Weber and Eric Balchunas

Sources