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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investor-strikes-gold-with-bitcoin-bet-on-prediction-market/" data-wpel-link="internal">Investor Strikes Gold with Bitcoin Bet on Prediction Market</a> 
Bitcoin‘s surge past $50,000 has brought significant earnings to investors who bet on the “Yes” side of Polymarket’s contract asking if Bitcoin would reach $50,000 by February. An investor with the username u/MeLLoN98 achieved a substantial return rate of 550%, securing high profits and has now placed a new bet targeting a record peak for BTC at the end of the first quarter. 
<h2 style="text-align: justify" id="strong-from-14-000-to-91-000-earnings-strong">From $14,000 to $91,000 Earnings</h2> 
The days of complex strategies or high-risk bets to make <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">money</a> in the cryptocurrency market are behind us. Some investors are now achieving above-market returns through decentralized prediction platforms like Polymarket. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-314173" src="https://coin-turk.com/wp-content/uploads/2024/02/BTC-Bitcoin.jpeg" alt="" width="1280" height="720"> 
One of the leading figures from Reddit’s r/CryptoCurrency community, u/MeLLoN98, converted 110,000 Moons (the subreddit’s token) into 14,000 USDC and purchased over 90,000 shares on Polymarket at an average price of $0.15 per share. With Bitcoin exceeding $50,000, the contract concluded in his favor, resulting in earnings over $91,000. 
Using free MOON tokens to achieve this gain, u/MeLLoN98 leveraged his bets on Bitcoin’s price and plans to accumulate more MOONs, especially with the upcoming expansion of MOON liquidity on Arbitrum One through a partnership with Celer Network. 
<h2 style="text-align: justify" id="strong-paid-nearly-27-000-for-new-bet-strong">Paid Nearly $27,000 for New Bet</h2> 
As known, Polymarket hosts various betting contracts related to Bitcoin and Ethereum. One of these contracts, launched in December, allows investors to speculate whether Bitcoin’s price will reach a record level on <a href="https://en.coin-turk.com/binance-expands-margin-offering-with-9-new-trading-pairs/" data-wpel-link="internal">Binance</a> by March 31. Shares on the “Yes” side of the contract are currently trading at $0.18, indicating an 18% probability that Bitcoin will surpass $68,789 by the end of the first quarter. 
Operating under the name RedditMoons-10$ on Polymarket, u/MeLLoN98 bought over 230,000 shares on the “Yes” side of the contract, aiming for a potential payout of $230,000. “This bet is much crazier. I paid about $27,000, and if it happens, I’ll get $230,000,” said u/MeLLoN98, expressing his confidence in continuing to challenge the odds for significant earnings in the crypto market. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/investor-strikes-gold-with-bitcoin-bet-on-prediction-market/" data-wpel-link="internal">Investor Strikes Gold with Bitcoin Bet on Prediction Market</a></h5>

Investor Strikes Gold with Bitcoin Bet on Prediction Market

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