Bitcoin’s Price Action Sparks Historical Comparisons
Bitcoin’s recent price movements are drawing parallels to historical market trends, with some observers noting similarities to the soybean market almost 50 years ago. This comparison comes as prominent figures in the crypto space offer bold predictions for Bitcoin’s future valuation.
Polymarket Wager on Potential Pardon Draws Attention
A recent Polymarket bet concerning a potential pardon for a prominent crypto figure has garnered significant interest. An anonymous crypto trader, previously recognized for timely market predictions, reportedly profited from a wager on former President Trump pardoning Binance founder Changpeng ‘CZ’ Zhao by 2025.
Blockchain data analyst Euan highlighted Etherscan records, suggesting a connection between the trader and a Polymarket account. This account reportedly secured over $56,500 by betting on Zhao’s pardon.
Trader’s Past Predictions Under Scrutiny
This isn’t the first instance where the anonymous trader’s actions have raised eyebrows. The individual was previously suspected of possessing insider knowledge within crypto circles. This suspicion arose after strategic short positions on Bitcoin and Ethereum were executed just hours before a significant tariff announcement by former President Trump, which subsequently led to a downturn in crypto prices.
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