How high can Bitcoin go? Prediction markets suggest $100K

• Bitcoin has continued hitting new all-time highs as prediction markets price in high odds of a run to $100K.
• Econometrics suggests that BTC's rally still falls short of its historic post-halving growth.
• Asset manager Bernstein appealed to investors to begin adding Bitcoin exposure.

Bitcoin is consistently setting new record highs on Monday after breaking above $89K. The continued uptrend has led asset managers like Bernstein to urge investors to consider adding Bitcoin exposure to their portfolios. Meanwhile, prediction market participants speculate that Bitcoin could reach $100K by the end of 2024.

Bitcoin surge above $89K as investors continue to hold

Bitcoin shot over 10% in the past 24 hours, crossing above the $89K level as its price is still largely influenced by Donald Trump's presidential election victory last week.

As the world's largest asset continues its rally, prediction market Poly market has seen increased speculation that Bitcoin will hit $100K before the year ends. This could fuel the bullish momentum, with positive sentiment stirring among investors and crypto enthusiasts.