Post
Topic
Board Gambling discussion
Re: El Salvador's bitcoin
by
Su-asa
on 28/08/2025, 17:13:13 UTC
Not sure if this should be under bitcoin topic or here lol. But there have been platforms, namely kalshi's prediction market and polymarket, have listed similar bets about El Salvador's bitcoin holdings. Both platforms have listed that El Salvador will have a total of $1 Billion worth of bitcoin by the end of 2025. The odds are pretty interesting. Now Bukele has found out about this and seems to be hinting on social media. But do you genuinely believe El Salvador can magically get to a billion worth of bitcoin? They currently have over $700 Million. They would only need $300 million more. To me it seems a lot. To a country like El Salvador, that isn't easy money either. Would you bet on this?
If El Salvador have $700k in Bitcoin right now, it means they they have real interest in Bitcoin as they depend on it in the future. However it takes them years to achieve $700k in Bitcoin and you we are on the eight month of the year already and $300k isn't a small amount of money either, so I'm not sure if El Salvador can provide such amount of money within 4 months. But let's hope they did get $300k to starch up their Bitcoin portfolio before the year ends.