Bitcoin and altcoins recorded major increases in 2024, which started with Spot Bitcoin ETF approvals, also due to the influence of Donald Trump's victory.
While we expect the rise to continue in 2025, prediction market investors are expecting new highs for Bitcoin (BTC) and Ethereum (ETH) in 2025.
Popular prediction platforms like Polymarket and Kalshi show that bets on Bitcoin and Ethereum reaching all-time highs next year are dominant.
According to the data, Kalshi prices a more than 60% probability that Bitcoin will reach at least $125,000 in 2025, while Ethereum will reach at least $5,000.
Polymarket sets the probability of BTC reaching $120,000 before the end of March as 50%.
Experts stated that this rise indicates that the US will approve ETFs for multiple altcoins and that there is the potential to establish strategic Bitcoin reserves.
Traders on Polymarket are also predicting that the US will approve XRP, Solana (SOL), and Litecoin (LTC) ETFs with 75%, 69%, and 51% probability of approval respectively by July 31. The probability of Dogecoin (DOGE) ETF approval remains low at 22%.
Finally, Kalshi users predict that there is a 59% probability that US President-elect Donald Trump will create a national strategic Bitcoin reserve during his presidency, while Polymarket users indicate that there is only a 29% probability that Trump will launch a BTC reserve within his first 100 days in office.
*This is not investment advice.
