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- Betting odds now look at Bitcoin hitting $100k before 2024 wraps up
- Experts say Bitcoin will reach $225,000 "by the end of 2026"
- What is Bitcoin?
Betting odds now look at Bitcoin hitting $100k before 2024 wraps up
Bitcoin has been on the rise significantly in the past few months and betting odds are now given on the cryptocurrency hitting a value of $100,000 before the end of 2024.
The leading cryptocurrency was founded in 2009 and the past few years has seen the rise in cryptocurrencies around the world with Bitcoin by far the biggest.
Bitcoin reached an all-time high of $99,834.81 in November and many expected that it would smash through the $100k barrier but that has since cooled off slightly.
Now the latest odds say that there's a 66% chance that Bitcoin hits the $100k figure before the end of the year with many predicting a decent chance of it happening.
| Will Bitcoin reach $100k before the end of 2024? | Odds | Probability |
|---|---|---|
| Yes | 1/2 | 66.7% |
| No | 1/1 | 50.0% |
What the expert says...
Experts say Bitcoin will reach $225,000 "by the end of 2026"
Bitcoin experts say that the price of the cryptocurrency will reach $225,000 "by the end of 2026" with Yahoo Finance reporting that analyst Mark Palmer predicts that figure being hit.
Big movements need to be made in terms of its value in the coming months but the only way seems to be up lately with the trend in cryptocurrencies growing.
All it will take is a massive online store accepting Bitcoin as payment to see the coin rise further and further.
Bitcoin Betting Odds Guide
What is Bitcoin?
- Founded in 2009 Bitcoin is a digital or virtual currency used predominately online.
- It was the first and is the leading cryptocurrency
- There are now thousands of virtual currencies.
- Instead of paying for something in cash you can now use bitcoin or another cryptocurrency.
- Transactions are recorded in a blockchain list stored only on the computer, it is not reliant on banks.
- Each bitcoin you own is stored in a digital wallet on your mobile or computer.
- You can send bitcoins to other bitcoin wallets as a payment for goods and services with no need for a bank to get involved.
Taken from our Bitcoin Betting Guide.
