Bybit's Head of Derivatives, Shunyet Jan, has forecasted that Bitcoin (BTC) could reach $125,000 by the end of the second quarter of 2025. This optimistic prediction is based on several catalysts, including increasing institutional investment, the approval and inflows from Bitcoin Exchange-Traded Funds (ETFs), regulatory clarity brought about by legislation like the GENIUS Act, and macroeconomic factors such as a weakening U.S. dollar boosting Bitcoin's appeal as a global hedge.
Jan highlights that the regulatory environment is becoming more supportive, with clear stablecoin rules fostering confidence and infrastructure development. The steady inflows into spot Bitcoin ETFs reinforce BTC’s status as a mainstream asset class and are attracting long-term capital from institutional investors. Moreover, continued macroeconomic pressures on the U.S. dollar are enhancing Bitcoin's role as a digital gold alternative.
While the outlook for Bitcoin is bullish, Jan expressed caution regarding altcoins such as Ethereum and others, which may face challenges from high interest rates and ongoing macroeconomic uncertainty that could limit their gains compared to Bitcoin.
Supporting this bullish view, notable figures like crypto analyst Scott Melker and Blockstream CEO Adam Back have suggested even higher potential price targets for Bitcoin within 2025, citing reduced volatility, deeper institutional integration, and underappreciated bullish momentum as key factors.
Michael Saylor also noted a market transition where short-term holders are exiting, and long-term institutional investors are accumulating Bitcoin, particularly through spot ETFs and corporate treasury strategies. Historical patterns from previous bull cycles validate such predictions, hinting at significant potential price appreciation if current trends persist.