Post
Topic
Board Gambling discussion
Re: El Salvador's bitcoin
by
Hispo
on 28/08/2025, 23:27:07 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?

I would not go near to that market, honestly. It is easily manipulable by a single entity as the government of the El Salvador is...
Bukele could purposely bet on himself managing to get another three hundred million worth of Bitcoin and them proceed to buy that amount of money in Bitcoin, for the sake of getting all the money of bettors for himself and the government of his country. Once the person itself becomes aware of the bets being placed on him/her, it is not longer save to place money on it.

There are better markets if one desires to toss some dollars and see what happens... Bukele could feel too tempted to ignore this chance to get free money...