Institutional Capital Fuels Bitcoin Rally Above $124,000
Bitcoin reached a new all-time high above $124,000 on Thursday, briefly overtaking Google’s $2.45 trillion market capitalization. This milestone marks Bitcoin as the fifth-largest global asset, sparking renewed optimism across the crypto community.
Gemini co-founder Tyler Winklevoss highlighted the achievement on social media, noting the early-week surge and fueling excitement among investors. Popular crypto analyst Kyle Chassé called this week potentially the “best week for Bitcoin” yet.
What’s Next? Bitcoin Aims for Apple’s Market Value
The next target for Bitcoin is Apple’s $3.4 trillion market capitalization. To surpass Apple, Bitcoin would need to climb above $175,000—a level some experts believe could be reached before the end of August. Udi Wertheimer, crypto analyst and Taproot developer, shared this outlook, reinforcing the bullish sentiment.
However, more ambitious predictions exist. Arthur Hayes, BitMEX co-founder, suggests Bitcoin could reach $250,000 in 2025 if the US Federal Reserve shifts toward quantitative easing to combat inflation.
Institutional Investment Fuels Momentum
Bitcoin’s price rally has pushed the total cryptocurrency market cap beyond $4.1 trillion, driven largely by institutional capital inflows. Vugar Usi Zade, COO of Bitget exchange, credits favorable macroeconomic conditions and clearer regulations for this growing interest.
Legislation like the GENIUS Act and new retirement account crypto allocations (such as 401(k)s) are attracting long-term institutional investors. Zade emphasizes that this momentum reflects a shift beyond speculation towards crypto becoming part of mainstream investment portfolios.
Whether this trend signals the start of a sustained bull market or a pause remains uncertain, depending on how the market handles the current price surge.
