Prediction markets Kalshi and Polymarket forecast a promising 2025 for cryptocurrency, expecting substantial gains for Bitcoin (BTC) and Ether (ETH). 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. Polymarket has set a 50% chance of BTC reaching $120,000 by March. The current record highs for BTC and ETH stand at approximately $108,300 and $4,720, respectively.
Market participants also anticipate the U.S. approving several cryptocurrency exchange-traded funds (ETFs) across various digital currencies, including XRP, Solana, and Litecoin, by mid-2025. Odds for ETF approvals by July stand at 75% for XRP, 69% for Solana, and 51% for Litecoin, according to Polymarket. The possibility of Dogecoin securing an ETF stands at a lower 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 estimates a 29% likelihood for this initiative within his first 100 days in office.
On the other hand, traders on the Chicago Mercantile Exchange (CME) forecast more conservative gains. CME traders set March futures prices at approximately $98,000 for BTC and $3,500 for ETH, which, while an increase, show more restrained expectations compared to the prediction markets.
As cryptocurrency markets 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.
