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Cryptocurrency News Articles
Prediction Markets Forecast a Promising 2025 for Cryptocurrency, Expecting Substantial Gains for Bitcoin (BTC) and Ether (ETH)
Dec 27, 2024 at 01:49 am
Bettors on these platforms foresee BTC and ETH reaching record highs, with Kalshi projecting over 60% odds of BTC hitting at least $125,000 and ETH reaching $5,000 in 2025.
Prediction markets are offering varying outlooks for the future of cryptocurrency, with some traders anticipating substantial gains and others predicting more conservative growth.
According to Kalshi and Polymarket, bettors are largely optimistic about the prospects of Bitcoin (BTC) and Ether (ETH) over the next several years.
These platforms indicate that traders are placing high odds on BTC and ETH reaching record highs by 2025.
Kalshi data suggests a more than 60% chance of BTC reaching at least $125,000 and ETH hitting $5,000 in 2025.
To put this into perspective, the current record highs for BTC and ETH stand at approximately $108,300 and $4,720, respectively.
Furthermore, market participants are anticipating the approval of several cryptocurrency exchange-traded funds (ETFs) in the U.S.
Polymarket data indicates that traders are betting on the approval of XRP, Solana, and Litecoin ETFs by mid-2025.
The odds of an ETF approval by July are 75% for XRP, 69% for Solana, and 51% for Litecoin.
Meanwhile, the possibility of a Dogecoin ETF is given a lower chance of 22%.
Kalshi also predicts a 59% chance that U.S. President-elect Donald Trump will create a national Bitcoin reserve during his term, while Polymarket anticipates a 29% likelihood for this initiative within his first 100 days in office.
On the other hand, traders on the Chicago Mercantile Exchange (CME) are forecasting more conservative gains for BTC and ETH.
According to CME data, traders are setting March futures prices at approximately $98,000 for BTC and $3,500 for ETH, which, while an increase, shows more restrained expectations compared to the prediction markets.
As cryptocurrency markets continue to adapt to emerging trends and regulatory developments, the betting landscape highlights contrasting views on the potential growth trajectory for digital currencies, with broader financial implications hinging on these projections.
Disclaimer:info@kdj.com
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