One dealer on the cryptocurrency prediction markets has claimed to own grew to change into accurate $12 into bigger than $104,000 after placing finest 16 trades.
Particularly, an X client below the username ascetic boasted that he had successfully carried out his purpose of turning $12 into bigger than $100,000 in fair 16 trades, in response to a put up shared on January 15.
I DID IT!!! Grew to change into $12 into $100,000 (over 8,300x) by going all-in and doubling my bankroll 16 events in a row on non everlasting BTC strikes – whereas sharing my bets and the reasoning in the attend of them alongside the formula.
Right here is finest imaginable on @Polymarket !!!
It took a bunch of work and proper… pic.twitter.com/TJmNOWrmko
— ascetic (@ascetic0x) January 15, 2026
In a nutshell, ascetic – identified as ascetic0x on Polymarket – started placing bets on the next circulation of the realm’s premier cryptocurrency, Bitcoin (BTC), on November 12.
The dealer, identified as ascetic0x on Polymarket, started placing bets on the next circulation of the realm’s premier cryptocurrency, Bitcoin (BTC), on November 12 in a downside that lasted roughly two months, concluding on January 15.
How this Polymarket dealer grew $12 8,300x
At the skin stage, the strategy is equivalent to that of the trading bot that grew to change into roughly $300 into about half of 1,000,000 at some stage in December. No matter this, the diminutive series of bets positioned by ascetic demonstrates that, reasonably than wagering on escape and quantity, he changed into fastidiously choosing the trades.
For his final commerce, ascetic guess on a Bitcoin pullback, citing similarities to the October 2025 atomize and rising geopolitical tensions involving the U.S. and Iran. He did this basically by evaluating the surge in Bitcoin rapid space liquidation between the aforementioned tag crumple and the market misfortune on January 14.
Bought DOWN at 49¢ in Bitcoin market resolving on January 15
BTC momentum is slowing. About $717M in short positions had been liquidated in the previous 24 hours. We haven’t seen this stage of liquidations since the October tenth atomize.
In line with Reuters, U.S. armed forces… https://t.co/RUhtZ1hZYA pic.twitter.com/KzkEwuIc34
— ascetic (@ascetic0x) January 14, 2026
Subsequently, ascetic wagered that the associated fee of BTC would drop and managed to notify $51,000 into $104,000.
Lastly, it’s price noting that the escalation of winnings from $12 to $104,000 did no longer precisely observe exponential development as the Polymarket dealer made some variations in the amount wagered, and benefited from every so frequently elevated payouts.
A pure exponential development would own taken both 13 bets for $12 to notify in fair below $100,000 or 14 bets to notify into bigger than $196,000.
Featured image via Shutterstock
