Will Bitcoin hit $250k in 2024?
Market Information
| Market Open Date | Start Date | Market Close Date | Currency | Taker Fee |
|---|---|---|---|---|
| 2024-05-10 | 2024-03-06 16:50 ET | 2024-12-31 | USD | 0.075% |
Rules
This market will resolve to "Yes" if Bitcoin (BTC) reaches a price of 250,000 or greater according to Binance by December 31, 2024, 11:59 PM ET. Otherwise, this market will resolve to "No". The resolution source for this market will be the 30-min candlestick high prices from Binance (https://www.binance.com/en/trade/ETH_USDT). If Binance is unavailable, a consensus of other credible sources will be used. Note: If it is clear there is a large data discrepancy issue with Binance (e.g. BTC only hit 100k on other exchanges but 250k on Binance), a consensus of other credible sources may be used.
There are "taker fees" on this market. The taker fees apply when you match an existing order on the order book, whereas the maker subsidy happens when you place an unmatched order that can be matched later. The taker fees are .075 times the price, times the potential profit (e.g., Taker Fee per share = .1*Price/100*(1-Price/100)). Thus, the taker fee to buy 100 shares at 20 cents would be: 100*.075*(20/100)*(80/100) = $1.20.