Revisited Subjects
- Latest odds on Michael Saylor and Strategy buying more Bitcoin this week
- Odds on the Federal Reserve applying rate cuts by May 8
- Predictions for the conclave and the election of a new pope
- Ogler of Jerome Powell's potential departure from the Fed
Updated Tone & Restructuring
Strategic Maneuvers: Expectations on Bitcoin Price, Federal Reserve Rate Adjustments, Vatican Conclave Decisions, and Beyond
Michael Saylor and his firm, Strategy (formerly MicroStrategy), have proven their love for Bitcoin, holding over 2.6% of the total BTC supply. A hot market on prediction platform Myriad has the community pondering if this ardor will continue this week, as odds stand at 85.2% that they’ll drop more coin by May 5.
In case you didn't know, the crypto scene has seen a rise in the popularity of prediction markets like Myriad, which allow users to put their market intuition, political smarts, and cultural knowledge to the test by wagering on real-time, community-sourced indicators of an event's likelihood. So, it's worth keeping an eye on them to see if you can cash in on your knowledge and make some crypto gains.
As you probably guessed, the Fed's next move is also a hot topic on these markets. While rate cut hopes might be rising, the current odds on Myriad show a 90% certainty that the Federal Reserve won't apply a rate cut by May 8. This confidence stems from President Trump's ongoing criticism of Fed Chair Jerome Powell, as well as probability data shared by CME Group's FedWatch dashboard, reflecting the market’s views.
If you're curious about the papal conclave, you might be wondering if the new pope will be elected within the first two days of secret ballots. With predictors on Myriad being about equally split in their predictions, the decision seems nearly up in the air. So, we’ll have to wait and see if it's "white smoke" on the first two days or further voting before the conclave.
Oh, and if you were thinking about Powell losing his Fed chair position before June, you can pretty much forget about that. The current odds stand at 93.6%, indicating that Trump won't be the first president to fire the Fed chair since the central bank became independent in 1951.
So, there you have it, the latest on thecrypto and prediction scene. You never know, you might strike gold if you follow the right markets and trust your gut! Don't forget to keep an eye on the news, as each of the last three Strategy Bitcoin purchases has been made on a Monday. Here's hoping for a big dip and another announcement on May 5!
Incorporating Enrichment Data
Michael Saylor and Strategy's recent Bitcoin purchase of 3,459 BTC for approximately $285.8 million shows their continued strategy to hoard Bitcoin[1]. It remains to be seen if this trend will continue according to Myriad's prediction market, where odds stand at 85.2% that they'll buy more by May 5.
- Given Michael Saylor and Strategy's history of Bitcoin acquisitions, the likelihood remains high that they may buy more Bitcoin by May 5, as suggested by the prediction market on Myriad.
- The crypto community is intrigued by the prospect of the Federal Reserve not applying rate cuts by May 8, with odds indicating a 90% certainty on Myriad prediction market.
- Despite the ongoing criticism from President Trump, the current odds suggest a 93.6% chance that Jerome Powell will still be the Fed Chair before June, according to the prediction market on Myriad.
- The election of a new pope is uncertain, as predictors on Myriad are nearly evenly split on the possibility of the new pope being elected within the first two days of secret ballots.
- The decentralized technology of cryptocurrency, as demonstrated by platforms like Myriad, allows users to test their market intuition and potentially earn crypto gains.
- The defi (decentralized finance) sector continues to grow, with various prediction markets like Myriad offering opportunities to invest and profit from real-time event predictions.
