Bitcoin's 2.5% Gain Fails to Convince Myriad Predictors of $115,000 Milestone

Myriad Markets, a platform that allows users to predict event outcomes across various fields, has seen significant activity this week. One of the most notable markets is centered around Bitcoin's price, with users betting on whether the cryptocurrency will surpass $115,000 by the end of Sunday. Despite Bitcoin's recent rally, which saw it reach new all-time highs above $111,000, predictors on Myriad are skeptical, giving a "yes" prediction only a 25.8% chance. This cautious outlook comes despite Bitcoin's 2.5% gain in the last 24 hours and its proximity to the $115,000 mark, which is just 3.4% away. The odds have fluctuated since the market opened, rising from an initial low of 16.6% on Wednesday afternoon. As of now, the prediction volumes have pushed to around 26%.

Another active market on Myriad involves the Coinbase hack bounty. Following a major customer data breach that impacted over 69,000 customers, Coinbase offered a $20 million bounty for information leading to the arrest and conviction of the attackers. Myriad users are now predicting whether Coinbase will pay any part of this bounty before June 15. As of Thursday morning, the consensus among predictors is that no payments will be made before the deadline, with "no" odds sitting around 74.5%. This prediction remains steady despite recent on-chain trolling by a suspected actor in Coinbase-related social engineering scams, which may or may not be connected to the disclosed attacks. The trolling incident involved an Ethereum transaction where the attacker called on-chain investigator ZachXBT a "L bozo." ZachXBT is known for his involvement in identifying crypto attackers, including his role in the $1.4 billion ByBit hack earlier this year, which earned him over $31,000 in ByBit’s bounty program.

In the entertainment sector, Myriad users are also predicting the opening weekend revenue for the latest "Mission: Impossible" film, "The Final Reckoning." The film, starring Tom Cruise, is set to debut in over 3,800 theaters across the United States. Predictors on Myriad are betting that the film will not gross $95 million in its four-day opening stretch, with "no" odds jumping to around 78%. This prediction aligns with industry expectations, which estimate the film's domestic revenue to be around $75-$85 million, significantly below the Myriad prediction line. Despite potential record-breaking box office numbers, even Box Office Pro estimates that the film will fall well below the $95 million mark.