Bitcoin News Today TheBitTimes.com

An anonymous trader made $11 million of “pure profit” betting on Donald Trump’s victory on Polymarket , the leading prediction market. On November 6, the Republican candidate consolidated its long-awaited victory against Kamala Harris for the Democrats, settling the bet. With the “Presidential Election Winner 2024” bet closed, traders who were still holding “Yes” shares for Donald Trump or “No” shares for the other candidates were finally able to collect their prize within the difference between $1 and the average price paid per share, below that mark. In particular, Polymarket ’s official account shared the results of an anonymous user who made over $11 million of “pure profit.” The trader purchased $18.02 million of shares at an average of $0.61, receiving $19.43 million in return. Picks for you 'Trump will break' Bitcoin promis...

Balaji Srinivasan has predicted Bitcoin will reach $1 million within 90 days as a consequence of hyperinflation in the United States. Former Coinbase chief technology officer Balaji Srinivasan has made a millionaire bet on Bitcoin's (BTC) price over the next 90 days, predicting the cryptocurrency price will reach $1 million by June 17.  The wager was initiated on March 17, when pseudonymous Twitter user James Medlock offered to bet anyone $1 million that the United States would not experience hyperinflation. A few hours later, the former Coinbase CTO accepted the bet. Sir, I believe we have ourselves a deal https://t.co/9JYaLNo9Eq — James Medlock (@jdcmedlock) March 18, 2023 Under the proposed terms, if Bitcoin's price fails to reach $1 million by June 17, Medlock will win $1 million worth of the dollar-pegged stablecoin USD Coin (USDC) and the 1 BTC. The same way, if Bitcoin is worth at least $1 million by the date, then Balaji can keep the 1 BTC and the $1 million in USD...