Bitcoin鈥檚 blistering rise to a fresh all-time high above $110,000 has torched expectations – and it鈥檚 forcing a reappraisal of what鈥檚 possible in 2025.
According to Nigel Green, CEO of global financial advisory giant deVere Group, the latest rally means that 鈥�$150,000 no longer looks ambitious – it looks cautious.鈥�
The flagship cryptocurrency has gained nearly 15 per cent in May alone, shaking off weeks of stagnation and tariff-driven hesitation.
On Wednesday, it pushed past January鈥檚 record to trade at $108,955.10, after briefly hitting $109,857, according to Coin Metrics.
鈥淭his is a pivotal moment,鈥� said Green. 鈥淚t鈥檚 not just that Bitcoin has hit a new high. It鈥檚 the confluence of macro tailwinds, political momentum, institutional flows, and retail resurgence. We鈥檙e entering a new era of digital value, and Bitcoin is leading it.
鈥淪everal forces have aligned to propel the market. A cooler-than-expected US inflation print, an easing in trade tensions between Washington and Beijing, and the Moody鈥檚 downgrade of US sovereign debt have all steered investors toward alternatives to traditional fiat-based stores of value. Bitcoin, often likened to digital gold, is soaking up that demand.
鈥淚n a world where sovereign credibility is fraying, investors are shifting decisively into assets that can鈥檛 be diluted or manipulated. Bitcoin has become not just a speculative play, but a strategic hedge.鈥�
Big investors are showing more and more interest in digital assets.
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Bitcoin exchange-traded funds (ETFs) have taken in a record amount of money – over $40bn – and have only seen money pulled out on two days this month.
At the same time, crypto rules are starting to become clearer. This week, the US Senate made progress on a major law that would set rules for stablecoins, which are a key part of the crypto world.
Green continued: 鈥淧resident Donald Trump has indicated he wants to sign it into law by August, lending political weight to the digital asset sector.
鈥淭his level of bipartisan traction on crypto regulation was unthinkable 18 months ago. Now it鈥檚 becoming the norm and markets are responding accordingly.鈥�
鈥淭he big money is not just circling Bitcoin – it鈥檚 in, and when treasuries, regulators, and ETFs all move in sync, the result is seismic.
鈥淭he $150,000 price target we set earlier this year was bold at the time. But markets evolve – and so must forecasts.聽
鈥淚f current conditions hold, and we get a real regulatory green light before the August recess, a price above $175,000 is increasingly within reach.鈥�
Bitcoin鈥檚 current rally has also been fueled by corporate treasuries deepening their exposure.聽
Since the start of the year, publicly listed firms have expanded their holdings by 31 per cent, now controlling around $349 billion worth of Bitcoin – approximately 15 per cent of total supply, according to Bitcoin Treasuries.
While risk assets broadly are benefiting from an improving backdrop, Bitcoin is separating itself as the preferred hedge against both inflation and political instability.
The digital asset is increasingly being treated as a monetary insurance policy and the premium investors are willing to pay for that protection is rising.
鈥淭his appears to be a structural re-rating,鈥� added the DeVere Group CEO. 鈥淏itcoin has never been more relevant, and never more resilient.鈥�
鈥淲e鈥檙e watching history being made.鈥�
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