- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
Vitalik: The current prediction market lacks social significance, and individuals have bet against the market during FOMO to make money.
BlockBeats News, January 28th, Ethereum founder Vitalik Buterin stated in an interview with ForsightNews that the markets now heavily promoted by the Polymarket platform include topics such as "Which team will win next week" or "Will the Bitcoin price be up or down in one hour." In the long run, these short-term bets actually do not have much social significance. In theory, a prediction market is a successful tool, but we need more meaningful applications.
Vitalik stated that he used $440,000 in principal last year and earned $70,000 on Polymarket. The method is to look for markets that are in a "mania mode" and then bet that "crazy things will not happen." When market sentiment enters an irrational "mania mode," betting against it usually makes money.
You may also like
These people and projects are the focus of ERC-8004
Geopolitical Risk Escalation: US Stocks, Precious Metals Simultaneously 'Turn Tail,' Bitcoin Struggles to Hold $81,000
Key Market Information Discrepancy on January 30th - A Must-Read! | Alpha Morning Report
The DAO Reboot, Backpack Prepares for TGE, What's the Overseas Crypto Community Talking About Today?
Risk Asset Rollercoaster, the World Is on Edge Over the US vs. Iran
Gold Price Prediction as Tom Lee Says Metals Rally Could Hit Crypto
Key Takeaways: Gold recently reached an all-time high of $5,598, reflecting a strong investor shift towards safe-haven assets…
Bitcoin’s Historical Bottom Indicator Points to $62K – Could BTC Fall That Low?
Key Takeaways Bitcoin is nearing a critical support level of \$62,000, with key indicators suggesting potential further declines.…
Bitcoin Price Prediction: Binance Inflows Just Hit a 4-Year Low – Violent Move Above $100K is Next
Key Takeaways: Bitcoin inflows into Binance have dropped to their lowest in four years, potentially signaling a tight…
Russia Caps Crypto Investments at $4,000 Annually for Non-Qualified Investors – Will Others Follow Suit?
Key Takeaways Russia’s proposal sets a $4,000 annual investment limit for non-qualified crypto investors, sparking discussions on regulatory…
Japan’s Metaplanet Announces $137 Million Capital Raise Via Third-Party Allotment
Key Takeaways Japanese firm Metaplanet Inc. has strategized a $137 million capital raising through the third-party allotment of…
Crypto Price Prediction for January 28 – XRP, Solana, Bitcoin
Key Takeaways Bitcoin price recently hit $90,000 but struggled to maintain this peak. XRP and Solana are following…
Sygnum Bank Secures Over 750 BTC for Bitcoin Yield Fund’s Growth
Key Takeaways: Sygnum Bank has raised over 750 BTC in the initial phase of the Starboard Sygnum BTC…
Asia Market Open: Bitcoin Holds Steady Near $88K Amidst Asia’s Tech Slowdown and Gold Surge
Key Takeaways Bitcoin remains stable at nearly $88,000 as Asian tech markets show signs of cooling. Global markets…
Dogecoin Price Prediction: DOGE Founder Reveals True Cause of Crypto Market Downturn
Key Takeaways: The recent downturn in the cryptocurrency market, including Dogecoin, is attributed to shifting investor behavior rather…
US Senators Criticize DOJ Over Crypto Crime Unit Closure Amid Financial Conflict Concerns
Key Takeaways: Six US senators have criticized Deputy Attorney General Todd Blanche for shutting down the DOJ’s crypto…
Why Is Crypto Down Today? – January 29, 2026
Key Takeaways The crypto market has fallen by 1.7% over the past 24 hours, with significant declines in…
Bitcoin Retreats as Hawkish Fed and Outflows Pressure Market: Analyst
Key Takeaways: Bitcoin’s value dipped below the $89,000 mark due to restrictive financial conditions and growing geopolitical stress.…
Strive Retires Majority of Debt and Expands Bitcoin Holdings Following Preferred Stock Offering
Key Takeaways: Strive successfully retired 92% of debt inherited from acquiring Semler Scientific, amid a significant preferred stock…
These people and projects are the focus of ERC-8004
Geopolitical Risk Escalation: US Stocks, Precious Metals Simultaneously 'Turn Tail,' Bitcoin Struggles to Hold $81,000
Key Market Information Discrepancy on January 30th - A Must-Read! | Alpha Morning Report
The DAO Reboot, Backpack Prepares for TGE, What's the Overseas Crypto Community Talking About Today?
Risk Asset Rollercoaster, the World Is on Edge Over the US vs. Iran
Gold Price Prediction as Tom Lee Says Metals Rally Could Hit Crypto
Key Takeaways: Gold recently reached an all-time high of $5,598, reflecting a strong investor shift towards safe-haven assets…
App