Polymarket: We have a poor forecast for the bitcoin exchange rate for August 2024

12% of users assume that the first cryptocurrency will collapse to $50,000.

Another 4% of Polymarket participants showed extreme pessimism, believing that bitcoin will face a correction to $45,000. Historically, August, as well as September, are considered the weakest months for BTC.

It is worth noting that in June 2024, the total trading volume on Polymarket showed a historic high of $111.5 million, and after that the platform signed a partnership agreement with the MoonPay payment service. In addition, the platform raised $70 million from Founders Fund and other venture capital funds.

Earlier, analysts of the U.S. bank Jefferies presented a report in which they indicated that the bitcoin rate is in direct correlation with the outcome of the U.S. presidential election on November 4, 2024.