Bitcoin’s October: A Modest Proposal

The market, it seems, is having a similar crisis of faith. Bitcoin, after a brief, exuberant fling with $69,000, is currently experiencing what I like to call “a gentle correction.” Others are using less charitable terms. It’s down 27% this year, which, in crypto years, is roughly equivalent to a geological era. And yet, a curious faction—about 10% of the bettors on Polymarket, a site I’m now convinced is run entirely by teenagers—still believes it’ll hit $150,000 by year’s end. Bless their hearts. Or, more likely, their algorithms.







