Bitcoin made a new ATH on Monday morning, exceeded the 120,000 mark for the first time and reached $ 123,091.61. That is His seventh all -time high this year.
In contrast to previous swings, which were triggered by speculation by private investors, the current increase is supported by institutional capital. The alone stock market -traded funds recorded net inflows of more than $ 50 billion.
The investor Gary Cardone emphasized in conversation The Wolf Of All Streetsthat the current environment of the initial Bitcoin bull runs differs. Now Gigantic purchases worth $ 111 million have become routine.
Cardone assumes that the cycle is far from complete and sees a realistic path to $ 200,000 by the end of the year and even one million dollars in a few years. And why? The institutions BTC no longer consider BTC as speculative asset, but as protection against inflation and contaminated sites.
Despite the volatility, five fundamental forces – increased institutional demand, favorable regulation, reduction in interest rates, weakness of the dollar and increased corporate investments – indicate that The houseseevon Bitcoin has not yet been completed.
The regulatory climate in the United States changed dramatically in 2025. Die Crypto regulation has under the Government von president Trump significantly improved. The new one Sec-Chef Paul Atkins loosened the regulation and brought the spectacular legal proceedings to his authority against Coinbase and Binance.
President Donald Trumps Implementation regulations for the establishment of a strategic Bitcoin financial reserve of the federal government awarded the whole additional credibility. The US states of Arizona and New Hampshire followed the example and build own Reserves on.
In the meantime, the Genius Act, which is supposed to regulate the stable coins, has passed the Senate and is now waiting for a vote in the House of Representatives. Since they non -specific on BTC targetsuch initiatives make the market appear more mature and safer and thus attract mainstream investors.
Apart from political support, the economic framework conditions are also good for Bitcoin. In the second half of the year Becomes an interest rate reduction expected. Goldman Sachs predicts minus 25 basis points in September, October and December.
Bitcoin has developed well in low interest rates in the past because the investors after Looking for higher returns than they are offered in bonds or savings accounts. In addition, the dollar evaluated around 10% this year due to the uncertainty about customs policy and interest rate cuts. And Bitcoin tends to move against the dollar, another dollar weakness could lead to increased Bitcoin demand.
At the company level, the Bitcoin treasury shops are on the advance. More than 125 listed companies are now BTC owners, and in the second quarter of 2025 historical Bircoin purchases of 159,107 BTC were registered.
This is an increase of 23% compared to the 2nd quarter 25. While Others are worried that companies that are too well -financed are hunting behind Bitcoin, the smartest strategy remains disciplined.
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