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The Kobeissi Letter|Feb 25, 2025 17:01
Prediction markets no longer see 150,000 Bitcoin in 2025:
Markets now see Bitcoin rising to 124,000 as the base case for 2025, down 25,000 since January, per @Kalshi.
Furthermore, markets now see just a 36% chance of Bitcoin hitting 150,000 this year.
1 month ago, prediction markets saw a 40% chance of Bitcoin hitting 150,000 by July.
This is the largest drop in expectations in over 6 months.
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