How This Crypto Influencer Won a $200K Bet by Predicting the Bitcoin Crash

Two crypto influencers placed a $200,000 bet on whether Bitcoin would rise to $120,000 or fall to $100,000. Each influencer wagered $100,000, held in escrow by Myriad, while a prediction market tracked the shifting odds over 23 days. Initially, Keyboard Monkey, a bearish influencer, faced overwhelming odds, particularly when Bitcoin surged to $115,513, pushing his chances down to 27%. However, as the market fluctuated dramatically, odds flipped nine times during this period. Following a market collapse and a significant drop in Bitcoin prices, Keyboard Monkey ultimately emerged victorious as Bitcoin dipped below $100,000, completing a 17% drop in one month. With the prediction market's assistance in tracking user sentiment, Keyboard Monkey was able to claim the full $200,000 pot amidst the volatile conditions of the cryptocurrency market.

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