Following Bitcoin's surge past $109,000, bettors have flocked to platforms like Polymarket, Kalshi, and Myriad Markets to wager millions on its future price movements. As of Wednesday, Polymarket reported a trading volume of $19 million, with a 93% probability that Bitcoin will reach $110,000 by the end of May. Additional odds suggest a possible increase to $115,000 or $125,000 at 49% and 8%, respectively. Meanwhile, Kalshi users invested approximately $3.5 million on predictions regarding Bitcoin's price by year's end, estimating a more than 70% chance of hitting $125,000 by late 2025. Myriad Markets indicated a 21.4% probability for Bitcoin exceeding $115,000 by May 25. These betting activities coincide with a dinner event hosted by former President Donald Trump for investors in his meme coin, Official Trump. Attendees included notable figures, hinting at a blend of traditional and crypto investment communities. As Bitcoin continues to break records, its competition remains fierce, notably from Dogecoin, which has seen substantial price gains, highlighting the dynamic nature of the cryptocurrency market.

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