Polymarket provides a unique platform for user predictions regarding economic decisions and cryptocurrency prices. As the FED interest rate announcement approaches, users have made their bets.
FED Decision Predictions
According to Polymarket data, over $66 million has been staked on predictions for the FED's interest rate decision. Notably, 98% of users believe that the FED will keep the rate unchanged, corresponding to investments of over $22.2 million in this scenario. Expectations for a 25 basis point cut are at 2% with a trading volume of $18 million. The likelihood of a cut of 50 basis points or more is assessed at less than 1%. Furthermore, the probability of an increase of 25 basis points is also seen as very low.
Bitcoin Price Expectations in June
Users on Polymarket are also actively predicting what the price of Bitcoin will be in June. More than $8 million has been wagered in the market titled 'What price will Bitcoin reach in June?'. The leading level of $100,000 is supported by 56% of users. This is followed by $95,000 (25%), $115,000 (17%), and $90,000 (12%). Price expectations for $120,000 and above do not exceed 8%.
Long-term Predictions for Bitcoin
Regarding the future price of Bitcoin in 2025, the highest probability stands at $120,000 (71%). This is followed by the $130,000 estimate at 54% and $150,000 at 33%. Other notable levels include $70,000 (28%), $200,000 (14%), and $50,000 (12%).
User predictions on the Polymarket platform provide valuable insights for analysts and investors, illustrating expectations regarding FED's economic policy and pricing trends in the cryptocurrency sector.
