El Salvador’s Bukele reacts as $1 billion Bitcoin holdings bet increases on Kalshi

President Nayib Bukele noted a spike in betting on Kalshi regarding El Salvador’s Bitcoin holdings predicted to reach 1 billion USD by late 2025. Following his tweet, betting odds soared from 20% to 38%.

Rival betting platform Polymarket quickly responded by launching a similar market, showing odds of 43% for reaching 1 billion USD by December 2025. This comes amidst controversies concerning El Salvador’s Bitcoin purchases and interactions with the IMF.