x
Polymarket bettors are going big on alien discovery over the rise in Bitcoin's valuation.
According to prediction platform Polymarket, users believe it is statistically more probable that the U.S. government will confirm extraterrestrial life in 2025 than Bitcoin (BTC) will break $200,000.
As of Oct. 18, the odds for “Will the US confirm that aliens exist in 2025” stand at 4%, while “Bitcoin to hit $200K” trails behind in less than 1%.
BTC has been on a downward trend for almost a week. On Oct. 10, after U.S. President Donald Trump's post on increasing tariffs on Chinese goods went live, BTC plunged more than 10%, dropping below $110,000. Before the drop, its market cap stood at . At the time of writing, as per Kraken, BTC was trading at $106,777.
BTC's current market cap had also fallen $2.4 trillion on Oct. 9 to $2.12 trillion, as of Oct 17.
Over the past 24 hours, the broader crypto market has witnessed almost $1.2 billion being wiped out as market sentiment remains cautious. BTC accounted for $349.55 million in the total liquidation.
However, some analysts still hold on to the belief that all is not over. In August, Jeff LaBerge, Bitdeer’s head of capital markets, said he expects BTC could climb to as high as $200,000 before the current bull cycle peaks.
“There’s still plenty of upside potential,” LaBerge told TheStreet Roundtable, maintaining a distinctly bullish outlook even as some analysts begin to turn wary.
Polymarket is a decentralized betting exchange that allows users to speculate on real-world events using USDC. It has become a popular barometer of public sentiment across politics, technology, and the cryptocurrency sector.
Recently, a Polymarket bet on whether Bitcoin creator Satoshi Nakamoto will make any Bitcoin movements saw a sudden uptick. The bet, Will Satoshi move any Bitcoin in 2025?" climbed 15% before crashing down to 5% causing some traders to lose their positions
This story was originally reported by TheStreet on Oct 17, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
