Bitcoin, the pioneering digital currency, reached a fresh all-time peak above $125,000 on Sunday, marking a stunning milestone that underscores its growing appeal as a store of value amid economic uncertainties. The cryptocurrency climbed nearly 2.7% in early trading to hit $125,245.57 by 5:12 a.m. GMT, surpassing its previous record of $124,480 set in mid-August. This surge propelled Bitcoin’s total market value beyond $2.4 trillion, eclipsing Amazon’s worth and cementing its spot as the world’s seventh most valuable asset.
The rally, which has seen Bitcoin gain over 50% since early 2025 lows, reflects a blend of positive economic signals and heightened investor confidence. Strong inflows into Bitcoin exchange-traded funds (ETFs)—investment vehicles that let people buy into the currency without directly owning it—have poured in billions, drawing big players like institutions and hedge funds.
A weaker U.S. dollar, down against major currencies amid fears of a government shutdown delaying key economic data like job reports, has also nudged investors toward alternatives like Bitcoin as a hedge against inflation and policy shifts.
Wall Street experts are bullish on what’s next. Citigroup forecasts Bitcoin could touch $133,000 by year’s end, while JPMorgan eyes $165,000, driven by what they call the “debasement trade”—a rush to assets like Bitcoin and gold amid rising global debt and geopolitical tensions.
Prediction markets like Kalshi put the odds at 97% for Bitcoin exceeding $125,000 before December, with many betting on even higher climbs in October. MicroStrategy co-founder Michael Saylor, a vocal Bitcoin advocate, sparked online polls asking if it could end the year above $150,000, amplifying the excitement.
“From $60K at the start of the year to this—wild ride, but the fundamentals are solid,” one user posted, crediting ETF approvals and clearer U.S. regulations under a crypto-friendly administration. Traders noted a brief pause near the old high as some cashed in profits, but the overall upward trend held firm, with Bitcoin up 2% in the last 24 hours.
Bitcoin’s journey from a niche experiment in 2009 to a trillion-dollar powerhouse continues to captivate, offering a digital alternative to traditional money that’s borderless and inflation-resistant. As it carves out a spot among global assets, questions linger about sustainability—can it maintain this momentum without broader adoption?
For now, the record-breaking climb signals a maturing market, drawing in everyone from everyday savers to Wall Street giants. Eyes are on the next hurdles: $130,000 or a pullback?
Via: Reuters