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Gate Square Growth Points Lucky Draw Carnival Round 1️⃣ 3️⃣ Is Now Live!
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Bitcoin News: Bukele of El Salvador sparks frenzy in prediction markets over $1B holdings in Bitcoin
The president highlights bets on Bitcoin reserves
President Nayib Bukele has once again drawn global attention to his country's Bitcoin experiment by pointing out the increasing activity on prediction platforms betting that El Salvador's BTC holdings will exceed $1 billion by 2025. On Wednesday, Bukele posted on X about the prediction market on Gate, where traders are betting whether El Salvador's Bitcoin reserves will exceed $1 billion by the end of 2025.
"I could do something very funny right now," Bukele joked, as the odds on Gate of reaching $1 billion before November jumped from 20% to 38%.
Platforms compete with bets on the $1 billion milestone
Gate has been tracking the odds since mid-August, with markets divided between "before November 2025" and "before December 2025".
| Period | Probability | |---------|--------------| | Before November 2025 | Increased to 38% before dropping to 27% | | Before December 2025 | Increased to around 35% |
Shortly after Bukele's announcement, a rival prediction platform introduced a nearly identical market. The odds there were set at 43% for December 2025, higher than the comparable bet from Gate.
"New market: Will El Salvador have $1 billion in Bitcoin for...?" the platform posted on X, directly responding to Bukele's tweet.
El Salvador's Bitcoin holdings approach milestone
El Salvador, the first country in the world to adopt Bitcoin as legal tender, currently holds over $700 million in BTC ( depending on market prices ).
At the current prices close to $112,000, El Salvador's holdings are constantly appreciating, making the milestone of $1 billion feasible in a matter of months if Bitcoin continues to rise.
The renewed activity in the prediction market highlights the growing global interest in El Salvador's Bitcoin experiment, often seen as an indicator of sovereign adoption of cryptocurrencies.
Outlook: All eyes on the $1 billion mark
With Gate and other platforms fueling speculation, El Salvador's Bitcoin bet continues to attract global attention.
If Bitcoin maintains its bullish trend, Bukele could oversee one of the most profitable sovereign investments in history, with prediction markets suggesting that the $1 billion threshold could be reached before the end of 2025.