President Nayib Bukele of El Salvador draws attention to forecasts suggesting that the country's Bitcoin holdings could reach $1 billion by the end of 2025.
Predictions on Kalshi
Nayib Bukele tweeted on X, highlighting the increasing betting activity on the Kalshi platform regarding El Salvador’s Bitcoin reaching the milestone. 'I could do the funniest thing right now,' Bukele stated, as the odds jumped from 20% to 38%.
Competition Among Platforms
Shortly after Bukele's post, rival platform Polymarket introduced a similar bet, with the odds sitting at 43%. Kalshi has been tracking the odds since mid-August, reflecting user interest in prediction markets.
Controversies Surrounding Bitcoin in El Salvador
While market predictions gain traction, neither platform addressed earlier controversies related to Bitcoin in the country. In July, the president of the Central Bank claimed that the country had stopped buying Bitcoin after signing a deal with the IMF. Meanwhile, Bukele continues to report on new purchases, with current holdings at 6,282 Bitcoin.
The atmosphere surrounding Bitcoin in El Salvador is heating up with rising bets and predictions, drawing interest from investors and analysts alike.
