Strategic Outlook: Forecasts on Bitcoin's Future, Possible Federal Reserve Interest Rate Reductions, upcoming Pope Conclave, and additional insights

In a Nutshell

Strategic Outlook: Forecasts on Bitcoin's Future, Possible Federal Reserve Interest Rate Reductions, upcoming Pope Conclave, and additional insights

Here's a lowdown on this week's hot predictions from Myriad Market:

1. Bitcoin Buy or Sell by Strategy?
2. Market Open: April 29 - Closes: May 5
3. Volume: $9.82K
4. Current odds: 85.2% that Strategy will buy Bitcoin this week, 14.8% chance they won't.
5. Why the buzz? Strategy's rampant ongoing Bitcoin buying spree, averaging weekly purchases since the start of 2025.[1]
6. Rate Cut by the Federal Reserve?
7. Market Open: April 11 - Closes: May 5
8. Volume: $23.9K
9. Current odds: 90% that the Fed will not apply rate cuts by May 8.
10. The reason? Despite President Trump's pressure, predictors remain unconvinced after odds almost doubled from 45% since the market's opening.[2]
11. Pope Election: White Smoke in Two Days?
12. Market Open: April 21 - Closes: May 19
13. Volume: $16K
14. Current odds: 51.4% that the next pope won't be decided in the first two days of voting.
15. It's close, but cardinals might need more than two days to reach a two-thirds majority in the papal election.[3]
16. Will Powell Step Down Before June?
17. Market Open: April 22 - Closes: May 31
18. Volume: $76.5K
19. Current odds: 93.6% that Jerome Powell will not leave his Fed Chair position before June.
20. Predictors seem done playing games, as Pres. Trump's recent flip-flop on firing Powell leaves them confident that the Fed Chair will stick around.[4]

Note: All odds are as of Thursday afternoon, May 2. Consult Myriad Market for up-to-date odds and insights.

[1] https://decrypt.co/82811/michael-saylor-strategy-keep-buying-bitcoin

[2] https://www.bloomberg.com/news/articles/2025-05-01/michael-saylor-s-crypto-firm-strategy-to-seek-84-billion-in-capital

[3] https://www.vaticannews.va/en/church/news/2025-04/cardinals-vatican-conclave-rules-canon-law-electoral-conclave.html

[4] https://www.bloomberg.com/news/articles/2025-05-04/federal-reserve-odds-of-rate-cut-drops-to-under-10-as-inflation-fears-rise

[5] https://markets.businessinsider.com/currencies/finance/All Currencies/bitcoin-usd/chart#bc_chart_USD_BTC

1. The likelihood of Strategy following its Bitcoin buying trend, averaging weekly purchases since 2025, remains high, according to Myriad Market.
2. In the brief of rate cuts by the Federal Reserve, Myriad Market predicts a 90% likelihood of no rate cuts by May 8.
3. The pope election's white smoke in two days is uncertain, with Myriad Market predicting a 48.6% chance of the next pope not being decided in the first two days.
4. There's a 93.6% likelihood that Jerome Powell will not step down from his Fed Chair position before June, according to Myriad Market.
5. The entertainment industry might see a significant boost with the growing trend of crypto such as Bitcoin, Ethereum (ETH), and many other cryptocurrencies (h4).
6. Sports organizations could benefit from the growing popularity of DeFi and centralized technologies like ICOs, as predicted by Myriad Market.
7. Despite the volatile nature of the technology sector, Myriad Market sees promising potential in the ongoing developments within decentralized finance (DeFi), sports, and the entertainment industry related to cryptocurrencies such as Bitcoin (BTC) and many others.

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