kolotom99 avatar
closes Dec 31, 2023
Will Wrapped Bitcoin (WBTC) decouple from Bitcoin (BTC) by the end of 2023?
13%
chance

WBTC stands for Wrapped Bitcoin, an ERC-20 token that represents Bitcoin—one WBTC should always equal one BTC.

Being an ERC-20 token makes the transfer of WBTC faster than normal Bitcoin, but the key advantage of WBTC is its integration into the world of Ethereum wallets, decentralized apps (dapps), and smart contracts.

Bitcoin backing WBTC is held in custody by the centralized custodian, BitGo.

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Will resolve to YES if WBTC/BTC falls below 0.90 for more than 6 hours.

https://www.binance.com/en/trade/WBTC_BTC?theme=dark&type=spot

https://www.coingecko.com/en/coins/wrapped-bitcoin

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