Reddit Trader Turns $14K Bitcoin Bet into $91K Payday, Thanks to Polymarket and Moons
• Pseudonymous trader u/MeLLoN98 made 550% returns by betting $14K on Polymarket that bitcoin would hit $50K in February
• u/MeLLoN98 used proceeds from converting Reddit Moons tokens to USDC stablecoins to make the Polymarket bet
• The bet paid off when bitcoin rose above $50K on Monday, earning u/MeLLoN98 over $91K
• u/MeLLoN98 plans to buy more Reddit Moons tokens with his Polymarket earnings
• u/MeLLoN98 has also bet $27K on Polymarket that bitcoin will hit a new all-time high by March 31, which could pay $230K