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Prediction Markets Are Pricing in Pennies for a $150,000 Bitcoin by March -- Here's Why I Still Wouldn't Bet Against This Crypto Wild Card [Yahoo! Finance]

Galaxy Digital Inc. - Class A common stock (GLXY) 
Company Research Source: Yahoo! Finance
Things look a bit grim for Bitcoin (CRYPTO: BTC) right now. It's down 42% from its all-time high of $126,000 from a few months ago and trades for just $72,000. No wonder prediction market traders on Polymarket are only giving Bitcoin a 1% chance of hitting the $150,000 price level by the end of March. After all, it's almost inconceivable that Bitcoin could rally by a head-spinning 108% in the course of just 30 days. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » But those 1% odds might be telling a very different story about Bitcoin than people think. Here's why. Bitcoin's volatility Many investors continue to underestimate Bitcoin's volatility . Even in years when Bitcoin has had monster rallies, it has also had its share of peaks and valleys. The price of Bitcoin does not go straight up, even in good y Show less Read more
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