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245 sats \ 1 reply \ @mega_dreamer 3h \ on: Prediction Markets and the Casino Mentality of 2025 (FT, Gillian Tett) econ
Traditional Finance can not unlearn what it has learned in last 100-200 years.
2012: Bitcoin is nerd money - magic internet money. It will die its own death.
2014: Bitcoin is drug money and used for other illegal activities
2018: Bitcoin is gambling and just a speculative asset.
2020: Bitcoin has no intrinsic value.
2024: Bitcoin has no intrinsic value.
2025: Average bitcoin price $100K. ETFs, Treasury Assets, Strategic reserve.
2025: Prediction Markets are Casino AKA Gambling.
2025: CFTC starts a pilot program on btc/usdc/eth/xrp denominated prediction markets or derivatives market.
2026: Prediction Markets are eating memcoins - Only memecoin traders and sport bettors use Prediction Markets. In other words only degens use it.
2030:
Prediction Markets disrupt the entire traditional financial markets.
People stop buying Stocks, Options and Bonds. Instead they buy prediction markets derivative contracts for Stocks, Options and Bonds.
Prediction Markets disrupt the entire traditional retail insurance markets.
People stop buying Auto, Home and Health insurance . Instead they buy prediction markets derivative contracts to hedge adverse risk.
2032:
Fiat debasement breaks the entire financial markets. Fiat denominated prediction markets get hit the hardest.
Fiat Insurance companies (FDIC etc) starts experiencing bankruns. Unable to pay the insured.
2033:
Fiat prediction markets starts transitioning to Bitcoin denominated prediction markets because people only have trust/faith in currency that's backed by energy.
2035:
Predyx is valued at approx 1M BTC
Predyx is valued at approx 1M BTC
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Some people should realise that Bitcoin should be used in everything to demolish Fiat supremacy. Predyx is doing this and that's what matters.
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