Major Correction Inbound? And prediction markets
It seems like many are starting to call for a major correction on the Bitcoin asset as it start to near the $80,000 mark. It still kind of blows my mind to even say that number as if you would have bought just a little over a year ago you would currently be up 400%. Yes, 400%!
But with such a massive rise and nothing at all yet done in terms of changing crypto adoption it feels like all of this is speculating what could happen as we roll into the next presidency which is still two months away. Two months is a LONG time in the crypto space as the asset is traded 24/7 worldwide.
Something else we saw which seemed to take on a lot of hype this time around where polymarkets where bets were being placed who was going to win the presidency. I mean to me that's a little wild and is a bit much. However these polymarkets have now opened up a new era in which they could have other use cases. Primarily in decentralized governance.