Unlucky gamblers lost big on the $100k Bitcoin bet

Investors who bet on Bitcoin to rise to $100,000 on market prediction platform Polymarket have been liquidated.

Bitcoin (BTC) rose to an all-time high of $99,655 on Nov. 22, giving it a 91% chance of breaking the $100,000 mark, according to a survey on Polymarket.

However, the flagship cryptocurrency soon started to face a correction and even touched the local low of $90,800 on November 27. The asset closed November near the $98,000 level.

As a result, a trader on Polymarket known as TomApproves placed a $114,000 bet on Bitcoin reaching $100,000 in November. Another anonymous gambler lost almost $56,000 on the same bet as the digital gold was withdrawn.

According to Polymarket data, the total transaction volume of the survey reached 28.5 million dollars.

Is $90 thousand or $100 thousand Bitcoin next?

Data from the market prediction platform shows that investors are still hoping for Bitcoin to reach $100,000 before 2025. According to a survey on Polymarket, there is a 40% chance that BTC price will fall back to the $90,000 region.

Another survey, with trading volume of about $14 million, shows that the odds of Bitcoin surpassing $100,000 this month have risen from 19% to 71% in the past 30 days.

BTC’s Chances of Reaching $100,000 | Source: Polimarket

Bitcoin rose to $98,150 early Monday and is trading at $96,700 at the time of writing. Daily trading volume increased by 32% to $42.4 billion.

BTC price | Source: crypto.news

Robert Kiyosaki, author of “Rich Dad Poor Dad” and a long-time Bitcoin supporter, expects the Bitcoin price to drop to $60,000 before reaching the $100,000 mark. “If this happens, I won’t sell. BTC will sell. I’ll take more,” Kiyosaki added.

The best-selling author believes Bitcoin could “settle” around $250,000 in 2025.