Kalshi and other prediction market forums like Polymarket and Robinhood are viewed as highly accurate indications for a wide variety of future events, though the odds they post are constantly in flux.
When it comes to crypto, other bets on Kalshi reflect a bearish outlook for the sector. This includes 63% of bettors wagering that Bitcoin will dip below $80,000 this year. Even longer term predictions about the major cryptocurrency are muted, as 82% of bettors predict Bitcoin will not be above $200k by 2027.
“Developments in Japan added a fresh source of pressure,” said James Butterfill, head of research at CoinShares. “The prospect of a Japanese rate hike is gathering momentum, and with the country’s substantial government debt load, even modest moves can destabilize global markets.”
