Kain Warwick's bet has been settled, and the Ethereum price prediction caused a "big mistake"

Another betting outcome in the crypto circle has been decided. Synthetix founder Kain Warwick recently paid $50,000 to Multicoin co-founder Kyle Samani, simply because the two had bet last November on whether ETH would break $25,000 by the end of 2025.

What’s somewhat surprising is that the odds in this bet were set quite unevenly. According to the terms, if Kain Warwick’s prediction is correct (ETH surpasses $25,000 by the end of 2025), Kyle Samani needs to pay him $500,000; but if Kyle Samani’s prediction comes true (ETH does not reach that price), Kain Warwick only needs to pay $50,000. This 1:10 disparity in odds perhaps reflects the vastly different views of these industry insiders on Ethereum’s future.

Currently, Ethereum’s performance has not yet reached the $25,000 target in the bet, making Kain Warwick the one who has to pay. Although the amount may not seem particularly large, this bet reflects the ongoing debate within the cryptocurrency space about ETH’s long-term trajectory. Prominent investment firm co-founders like Kyle Samani and project founders like Kain Warwick often have contrasting opinions, and their clashes can reveal the market’s true attitude toward certain sectors.

To some extent, these kinds of bets have become a unique “price prediction culture” in the crypto world. Compared to mere words, betting with real money seems to better illustrate the point.