Myriad Moves: Will Strategy Boost Its Bitcoin Buys? – Decrypt

Few places on the internet allow individuals to make predictions on sports, crypto, politics, and more—all while putting their money where their mouth is.

One such spot is prediction markets, which provide users the opportunity to express their knowledge across disciplines via real-time markets trading. Whether it’s Bitcoin price movements or sports outcomes, users can win big with smart calls.

Check out some of the best and most interesting markets on Myriad Markets in this week’s roundup below. 

(Disclaimer: Myriad Markets is a product of Decrypt’s parent company, DASTAN).

Fartcoin above $1.3 billion market cap on June 14 at 11:59pm UTC?

Market Open: June 12
Market Close: June 14
Volume: $1K

Crypto’s top flatulence-themed meme coin has been the butt of jokes for some time—but its market cap is no joke. 

In this flash market, Myriad users are asked to predict whether or not Solana meme coin Fartcoin will be above a $1.3 billion market cap on Saturday evening. 

So far, predictors are nearly split, with “yes” maintaining a slight edge at 56% as of Thursday afternoon. Those odds are down around 8% from the market high early Thursday morning, and have fallen alongside the token’s price. 

At the time of writing, Fartcoin (FARTCOIN) trades just above a $1.33 billion market cap, but its price has been sliding, dropping nearly 3% in the last 24 hours amid a broader crypto market selloff. And though above the marker for now, the token is only a further 2.33% drop from breaking below the market threshold.

But one potential wrinkle in this market is Fartcoin’s addition for trading on Coinbase, which went live early Thursday afternoon. Historically, tokens added to Coinbase have moved up upon listing, called the “Coinbase effect,” due to its exposure to a vast array of potential new investors. 

Will Fartcoin be next? 

What’s Next? Predictions for this market close on the morning of Saturday, June 14.

Strategy (MSTR) Bitcoin purchases above 1,500 BTC this week (June 10-16)?

Market Open: June 11
Market Close: June 14
Volume: $3.25K

Michael Saylor won’t stop buying Bitcoin, but how much his firm might buy is always a question. One of Myriad’s top prediction markets this week tasks predictors with determining whether or not Saylor and Strategy (formerly MicroStrategy) will add more than 1,500 BTC, or around $161 million worth, this week. 

Thus far, predictors overwhelmingly believe he will, giving around 82% chances of “yes” as of Thursday morning. 

That number hasn’t strayed much since the market opened, jumping only 2.9% since that time. 

Saylor has a history of massive Bitcoin purchases, many times eclipsing 1,500 BTC—in fact, the firm has made several purchase announcements in excess of 20,000 BTC over the years. But both of Strategy’s last two weekly purchase announcements have come in under 1,500 Bitcoin, like on Monday, when he announced a purchase of just $110 million or 1,045 Bitcoin. 

Will he follow suit this week, or buck the trend and add a bigger chunk to Strategy’s Bitcoin treasury? It already holds more than $62 billion worth of BTC, as of this writing.

What’s Next? Saylor and his firm typically announce their Bitcoin purchases each Monday.

Will PSG win against Atlético Madrid?

Market Open: June 9 
Market Close: June 15
Volume: $5.06K

After telling the world that it owns Bitcoin—and claiming the Champions League title, of course—soccer club Paris Saint-Germain is back in action to face Atlético Madrid in a FIFA Club World Cup matchup on June 15.  

One of the top-volume markets on Myriad as of this writing, predictors thus far are backing the Champions League champs, giving them 55.1% odds to win the match after 90 minutes of play plus added time. 

Those odds are similar to the 3-way line provided by traditional sportsbooks like DraftKings, which make PSG -120 favorites to win outright over Atlético, rather than lose or draw. At -120 in American odds, the club sits around a 54% implied probability to win, just a tad under the current Myriad line. 

Perhaps of note, the largest shareholders on Myriad are maintaining shares of “no,” instead predicting an Atlético victory or a draw. 

What’s Next? The pair will square off in Los Angeles on June 15.

Edited by Andrew Hayward