Resolution criteria

This market will resolve based on the spot price of Bitcoin (BTC) in USD at 3:00 PM EST on the resolution date. Each answer will resolve "Yes" if the Bitcoin price at precisely 3:00 PM EST is equal to or greater than the specified threshold, and "No" otherwise. Multiple answers can resolve to "Yes".

The primary source for the Bitcoin price will be CoinGecko. The "BTC Price" displayed on the main Bitcoin page on CoinGecko (https://www.coingecko.com/en/coins/bitcoin) at the specified time will be used. In the event that CoinGecko is unavailable or its data is demonstrably erroneous at the time of resolution, Google Finance (https://www.google.com/finance/quote/BTC-USD) will serve as the backup source, specifically the "Live Price" shown at 3:00 PM EST.

Background

Bitcoin (BTC) is a decentralized digital currency, first released in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a peer-to-peer network for verifying transactions, recorded on a public distributed ledger called the blockchain. The total supply of Bitcoin is capped at 21 million BTC, making it a scarce asset. Its price is known for experiencing notable short-term fluctuations, influenced by factors such as market liquidity, speculative trading, and broader economic sentiment. Bitcoin's price is calculated in real-time by aggregating data across numerous exchanges using a global volume-weighted average.

Considerations

Bitcoin's price is highly volatile, and significant movements can occur rapidly. Traders should be aware that the price displayed on various platforms may differ slightly due to variations in aggregation methods, exchange rates, and real-time data feeds. The specified resolution time of 3:00 PM EST is a precise moment, and minor fluctuations around this time could impact which thresholds are met.