Will Bitcoin Set a New All-Time High? Plus Strategy and PENGU Predictions

Looking to test your knowledge? Crypto users can tap into prediction markets—apps that let you predict the outcomes of world events, trading in and out in real-time as the odds fluctuate.

Prediction markets popularity surged with the United States elections last fall, but platforms like Myriad offer markets beyond politics, including sports, crypto, pop culture, video games and beyond, with an ever-changing assortment of timely opportunities.

Below, we’ll walk through some of the most popular and interesting markets available to Myriad users this week following the platform’s Season 2 relaunch.

(Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN).

Bitcoin’s next hit: Moon to $115K or dip to $95K?

Market Open: June 18
Market Close: Dec 31
Volume: $1.73K

After surging to a new all-time high price shortly after the election of President Donald Trump, Bitcoin had a major cooldown, dropping below $75,000 in April.

But since that time, the leading crypto asset has surged once more, creating a new all-time high of $111,814 in late May—and it’s currently trading above $103,000.

At that mark, it sits around $12,000 off the benchmarks set by a new Myriad market, which asks predictors what will happen next in 2025: Bitcoin booms to a new all-time high of $115,000, or drops back to $95,000? 

Predictors currently lean bullish, making a surge to $115,000 a slight favorite at around 51% at the time of writing, up approximately 3% from Thursday afternoon. 

Tensions between Iran and Israel put a damper on crypto’s leading token last week, but what does the future have in store? Myriad predictors see upside—at least for now.

What’s Next? Donald Trump is expected to decide on US involvement in Iran within the next two weeks, potentially offering a significant macro shift based on his decision.

Will Strategy sell any Bitcoin by the end of 2025?

Market Open: June 18
Market Close: December 31
Volume: $3.28K

Strategy Chairman Michael Saylor famously said his firm will be “buying the top forever,” indicating that regardless of how high the Bitcoin price goes, the publicly traded firm will be accumulating it, adding to its massive $61 billion Bitcoin treasury in the process.

But will it ever sell the leading crypto asset? And if so, will it sell by the end of 2025? That’s what predictors on Myriad are asked in a new market that will resolve on December 31, 2025. 

Thus far, predictors think it’s unlikely, putting odds of a sale at just 17% as of early Friday afternoon.

And while the software company turned Bitcoin treasury firm formerly known as MicroStrategy is nearly always accumulating, it has sold Bitcoin–once. 

In December 2022 the company sold 704 Bitcoin for around $11.8 million, highlighting the tax benefits of the sale.

In its historic run of purchases since that time, bringing its Bitcoin holdings to nearly 600,000 tokens, the firm has raised its average price to greater than $70,000 according to data from SaylorTracker.com. Though Bitcoin comfortably sits above that mark at present time, might an extended drawdown offer Saylor’s company the same tax benefit the firm was afforded in 2022? 

What’s Next? Saylor and Strategy typically announce Bitcoin transactions on Mondays. 

Will PENGU be in the top 100 cryptocurrencies by June 29?

Market Open: June 18
Market Close: June 27
Volume: $3.43K

As part of its ascent to becoming one of the leading Ethereum NFT projects, Pudgy Penguins has put its IP and plush toys on the shelves of major retailers like Walmart and Walgreens. 

Now it has its own token, and Myriad predictors are asked whether PENGU, the Solana-based culture coin that launched in December, will be inside the top 100 cryptocurrencies by market capitalization on June 29 based on CoinMarketCap’s rankings. 

At the time of writing, the token sits just outside the top 100, listed at 101 with a market cap below $590 million, trailing the 100th token (ranked by market cap) by around $9 million. 

Though a rather insignificant move upwards would be required to break into the top 100, predictors are leaning against PENGU being there when the snapshot is taken on June 29—giving odds of being listed inside the top 100 just 46% as of early Friday afternoon. 

PENGU is down around 4% in the last 24 hours amid a nearly 14% decrease in trading volume, according to CoinMarketCap. 

What’s Next? This market will close two days before the June 29 snapshot.

Edited by Andrew Hayward