According to Cointelegraph, traders from Polymarket and Kalshi expect BTC and ETH to hit record highs in 2025, and predict that the United States will approve multiple cryptocurrencies and establish strategic Bitcoin reserves. As of December 26, Kalshi predicts that the probability of BTC and ETH reaching at least $125,000 and $5,000 in 2025 is more than 60%. Polymarket predicts that the probability of BTC reaching $120,000 by the end of March is 50%.
Polymarket also expects that US regulators will approve XRP, Solana and Litecoin ETFs by July 31, with probabilities of 75%, 69% and 51%, respectively. The probability of Dogecoin ETF approval is 22%.
Kalshi users believe that President Trump will create a national strategic Bitcoin reserve during his term with a 59% probability, while Polymarket believes that he will do so within 100 days of taking office with only a 29% probability. In contrast, the Chicago Mercantile Exchange's futures market has more modest expectations for cryptocurrency gains in the first quarter of 2025, with spot prices for BTC and ETH expected to be $98,000 and $3,500, respectively.
