Bitcoin continues to make waves in the financial world, with its recent surge breaking records and catching the attention of big players. The cryptocurrency recently crossed the $111K mark and experts are issuing bullish predictions, expecting it to climb even higher. But what exactly is driving this surge?
According to Shunyet Jan, Head of Derivatives at Bybit, Bitcoin’s climb to a new all-time high is just the beginning. Jan predicts that if the current trend continues, Bitcoin could reach $125K by the end of Q2. He points to three key drivers behind the rally – regulatory clarity, institutional inflows, and macroeconomic shifts that are accelerating mainstream adoption.
Institutional investors are increasingly embracing Bitcoin as a legitimate asset class, as evidenced by consistent capital inflows into spot Bitcoin ETFs. Bitcoin’s inverse correlation to the dollar further solidifies its role as digital gold. With Bitcoin holding strong above $110K, Bybit’s $125K target by the end of the quarter reflects growing confidence in Bitcoin as a key player in the future of global finance.
While Jan is bullish on Bitcoin, he remains cautious on altcoins. He notes that while top coins like Ethereum may follow Bitcoin’s lead, smaller tokens may struggle to rise as much due to high interest rates and global uncertainty.
Analyst Scott Melker echoes Jan’s optimism, predicting Bitcoin to hit $250,000 by the end of 2025. He cites strong institutional demand and a stable market as driving forces behind this growth. Melker also points out that Bitcoin’s volatility has significantly decreased and its ties to traditional finance could spark the next major rally.
Adam Back, CEO of Blockstream, believes that Bitcoin is undervalued and could potentially reach $500,000 to $1 million per coin in this market cycle. Despite the rise in institutional interest and breakthroughs, Back feels that Bitcoin’s current price level does not accurately reflect the bullish momentum behind the cryptocurrency.
Geoffrey Kendrick of Standard Chartered predicts that Bitcoin will reach $200,000 by 2025 and soar to $500,000 by 2029, driven by a shift away from U.S. assets. Bernstein also forecasts Bitcoin reaching $200,000 in the current bull run.
While Bitcoin may have slipped 4% today to $107,200, along with a broader market and stock pullback due to President Trump’s threat of a 50% tariff on all EU goods, the overall outlook for Bitcoin remains positive. With experts and analysts predicting further growth and mainstream adoption, Bitcoin’s journey to new heights seems inevitable.