Recent observations show Bitcoin’s price movements echoing the soybean market from half a century ago. This unusual comparison is drawing attention from analysts, including BitMEX founder Arthur Hayes, who has made a significant prediction regarding Bitcoin’s future value.
Trader Profits from Political Prediction
A mystery crypto trader has reportedly seen substantial gains by betting on political outcomes. The individual, previously noted for timely market shorts before a Trump administration tariff announcement, appears to have profited again. According to blockchain data analyzed by Euan, a connection has been made between the trader and a Polymarket account.
Polymarket Wager on Pardon Yields Profit
Publicly available Etherscan data indicates a crypto wallet secured $56,522 on Polymarket. This profit was generated by wagering that former President Donald Trump would pardon Binance founder Changpeng ‘CZ’ Zhao by 2025. This move follows earlier suspicions within the crypto community regarding the trader’s seemingly prescient timing on Bitcoin and Ethereum shorts, which occurred just hours before previous tariff announcements caused market declines.
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