El Salvador’s Bitcoin Holdings Bet Gains Traction in Prediction Markets
- El Salvador President Nayib Bukele highlighted a prediction market showing a rise in bets that the country’s Bitcoin holdings will reach $1 billion by late 2025.
- Odds on Kalshi for reaching the $1 billion milestone jumped from 20% to 38% after Bukele’s tweet.
- Rival platform Polymarket introduced a similar bet, with odds at 43% for December 2025.
- El Salvador currently holds approximately 6,282 Bitcoin, valued at around $709 million.
- The prediction market activity has been tracking since mid-August, with initial odds around just under one-quarter for reaching the milestone before December.
The growing optimism surrounding El Salvador’s Bitcoin holdings reflects increasing engagement in prediction markets, particularly following Bukele’s comments that have influenced betting behavior across platforms.
With current holdings reported at $709 million, the country is under scrutiny as it approaches potential milestones in its cryptocurrency strategy and investment.(Source)
