Background

Bitcoin recently touched the $99K mark following news of Gary Gensler's resignation as SEC chair, but subsequently experienced corrections, dropping below $93K. The cryptocurrency market remains volatile, influenced by regulatory changes, market sentiment, and various macroeconomic factors.

Resolution Criteria

• Market resolves YES if Bitcoin's price reaches or exceeds $99,000.00 USD at any point during December 2024 (UTC timezone) on any major cryptocurrency exchange.

• Market resolves NO if Bitcoin's price stays below $99,000.00 USD throughout December 2024.

• Price must be verified by at least two major cryptocurrency exchanges (e.g., Binance, Coinbase, Kraken).

• Brief price spikes due to technical glitches or exchange malfunctions will not count toward resolution.

• If an exchange experiences a significant hack or technical issue that affects price reporting, that exchange's data will be excluded from consideration.

Considerations

• Bitcoin's price can be highly volatile and subject to rapid changes.

• Historical precedent shows that cryptocurrency prices can be influenced by various factors including regulatory news, market sentiment, and macroeconomic conditions.

• The approval or rejection of Bitcoin ETFs, changes in regulatory stance, or major institutional adoption could significantly impact Bitcoin's price during this period.