Over $120 million is betting on Bitcoin's price in 2026, with a 68% probability of it reaching $70,000.

According to Odaily Planet Daily, Bitcoin was trading at approximately $63,500 at 1:30 PM Eastern Time on August 12, 2026. The six active markets on prediction market platforms Polymarket and Kalshi saw a cumulative betting volume exceeding $120 million, with traders placing bets on Bitcoin's future price. Polymarket's largest Bitcoin price market had a trading volume of approximately $52.1 million, with a 68% probability of Bitcoin reaching $70,000 by the end of 2026 and a 79% probability of reaching $60,000. The market also gave probabilities of reaching $75,000, $80,000, and $90,000, respectively, at 51%, 32%, and 17%. Polymarket projects a trading volume of nearly $5 million in August 2026, with a 70% probability of Bitcoin reaching $65,000 and an 81% probability of it falling to $62,500 that month; the probabilities of reaching $67,500, $70,000, and $75,000 are 38%, 17%, and 3%, respectively. Polymarket also gives a 9% probability that Bitcoin will reach $100,000 by the end of 2026. Kalshi data shows a 12% probability that Bitcoin will reach $100,000 before January 2027, and a 3% probability of reaching $150,000 and $200,000, respectively. Polymarket uses Binance's BTC/USDT one-minute price chart, while Kalshi uses the CF Benchmarks Bitcoin real-time index; their settlement rules differ. (Bitcoin.com News)