According to reports from Cointelegraph, traders on Polymarket and Kalshi expect Bitcoin and Ether to reach all-time highs in 2025, and predict that the U.S. will approve multiple cryptocurrency ETFs and establish a strategic Bitcoin reserve. As of December 26, Kalshi predicts that the probability of BTC and ETH reaching at least $125,000 and $5,000 in 2025 is over 60%. Polymarket predicts a 50% probability that BTC will reach $120,000 by the end of March. Polymarket also expects U.S. regulators to approve ETFs for XRP, Solana, and Litecoin before July 31, with probabilities of 75%, 69%, and 51%, respectively. The probability of an ETF approval for Dogecoin is 22%. Kalshi users believe there is a 59% chance that President Trump will create a national strategic Bitcoin reserve during his term, while Polymarket believes the probability of him doing so within 100 days of taking office is only 29%. In contrast, the futures market at the Chicago Mercantile Exchange has a more moderate expectation for cryptocurrency price increases in the first quarter of 2025, predicting spot prices for BTC and ETH to be $98,000 and $3,500, respectively.

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