Hold your timid ‘Bitcoin-to-$100K’ bets; many Bitcoin traders are favoring long-shot bets that Bitcoin will TRIPLE that number – and all by the end of June.

Hold your timid ‘Bitcoin-to-$100K’ bets; many Bitcoin traders are favoring long-shot bets that Bitcoin will TRIPLE that number – and all by the end of June.

To clarify, these aren’t formal predictions. But over on crypto options trading platform Deribit, Bitcoin traders are placing big bets on an outside-the-market opportunity – a Bitcoin $300K call that costs relatively little, but could pay monstrous dividends.

At least one metric shows that the recent influx of institutional money flowing into Bitcoin could have a 10x impact on Bitcoin’s supply and demand.

And traders aren’t the only ones making crazy wagers. One can argue that Dubai and the Maldives are engaging in an even crazier endeavor – both are rushing to pour billions into building crypto infrastructure and hosting key crypto events.

So what does this all mean for new crypto launching right now? Well, it could mean huge potential for growth. Here’s what you need to know.

As President Trump’s initial flurry lessens, the US remains a pro-crypto place, but uncertainty lingers. Meanwhile, other locations are vying to become the beating heart of the crypto economy.

The Maldives has allocated $9B to establish itself as a crypto hub. This involves building physical infrastructure in Male, the island nation’s capital city, and ensuring existing legislation supports overseas crypto investments.

The Maldives will face competition not only from the US but also from more established, smaller locales, such as finance hubs like Singapore and Hong Kong. Another contender is Dubai, a central pro-crypto hub and host of numerous blockchain and crypto conferences.

Dubai will also house Trump’s next luxury tower and real estate development, and investors will be able to purchase real estate in Trump’s Dubai project using crypto.

This observation follows from the fact that $1 of new capital can sometimes lead to a $10 increase in market cap, hence a 10x multiplier.

So if $100B of new capital enters Bitcoin, applying the 10x multiplier rule would mean a $1T increase in market cap. That isn’t all; the 10x multiplier doesn’t just increase the market cap but directly impacts Bitcoin’s final price.

NYDIG Research estimates that the recent trend of pouring money into Bitcoin reserves, pioneered by Michael Saylor’s Strategy, could result in just such a multiplier.

The better Bitcoin does, the better other cryptos perform, so a 10x multiplier will surely have a trickle-down effect on new crypto.

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