Bitcoin's Record-Breaking Run Sparks Huge Bets
Topic starter
11/11/2024 5:45 am
Hey, did you see? Bitcoin just hit an all-time high around $81,000, and people are betting big on it going even higher—some are putting serious money on it topping $90,000! After the recent U.S. election brought in a bunch of pro-crypto politicians, investors are going all in. Open interest for bitcoin passing $90,000 surged to over $2.8 billion on Deribit, which is one of the main platforms for crypto futures.
It doesn’t stop there, though—Trump, the president-elect, has promised to make the U.S. a “crypto capital.” If he follows through, some analysts even think bitcoin could hit $100,000 before he’s inaugurated. It’s wild; crypto is having a huge moment right now, and it seems like everyone is jumping in while the market is this hot.
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