Bookies Have Grown More Confident in Bitcoin and Dogecoin Following Surge-filled Week Q1 2021 hedge fund letters, conferences and more.
Copenhagen – April 18, 2021 – Dogecoin currently has 5/1 odds to be worth more than $1 at the end of 2021
The odds of Dogecoin hitting the landmark value of one dollar have fallen significantly, not so long ago, the prospect that the currency would be worth any more than a few cents seemed remote, but momentum is building and another surge – even as soon as this month – cannot be ruled out.”
Dogecoin also has 16/1 odds to reach $1 by the end of April. Bookies are currently placing 10/1 odds on Elon Musk allowing Teslas to be purchased with Dogecoin this year.
Big Price Increases Expected For Bitcoin
Bitcoin is also likely to see big price increases, according to the bookies. Bitcoin’s odds of reaching $100,000 this year improved slightly from 5/4 to 11/10 since the beginning of the month. Its odds of hitting $200,000 also improved from 16/1 to 12/1 during this time. Bookies now also list Bitcoin as 33/1 to eclipse $400,000, and to reach $1 million.
“The cryptocurrency market has been quite the interesting sight as of late, and that’s mostly thanks to Bitcoin’s incredible rises, which have led bookies to grow quite confident that it will continue to take off,” says a US-Bookies spokesperson. “However, the volatility is noted, as oddsmakers also give Bitcoin 4/1 odds to fall to $10,000 in 2021.”
Odds that Bitcoin Reaches the Following Prices in 2021 (parentheses indicate odds on April 6):
- $100,000: 11/10 (5/4)
- $200,000: 12/1 (16/1)
- $400,000: 33/1
- $1,000,000: 66/1
- Fall to $10,000: 4/1
- Fall to $1,000: 250/1
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