Bitcoin’s blistering rise to a fresh all-time high above $110,000 has torched expectations – and it’s forcing a reappraisal of what’s possible in 2025.
According to Nigel Green, CEO of global financial advisory giant deVere Group, the latest rally means that “$150,000 no longer looks ambitious – it looks cautious.”
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’s record to trade at $108,955.10, after briefly hitting $109,857, according to Coin Metrics.
“This is a pivotal moment,” said Green. “It’s not just that Bitcoin has hit a new high. It’s the confluence of macro tailwinds, political momentum, institutional flows, and retail resurgence. We’re entering a new era of digital value, and Bitcoin is leading it.
“Several 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’s 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.
“In a world where sovereign credibility is fraying, investors are shifting decisively into assets that can’t be diluted or manipulated. Bitcoin has become not just a speculative play, but a strategic hedge.”
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: “President Donald Trump has indicated he wants to sign it into law by August, lending political weight to the digital asset sector.
“This level of bipartisan traction on crypto regulation was unthinkable 18 months ago. Now it’s becoming the norm and markets are responding accordingly.”
“The big money is not just circling Bitcoin – it’s in, and when treasuries, regulators, and ETFs all move in sync, the result is seismic.
“The $150,000 price target we set earlier this year was bold at the time. But markets evolve – and so must forecasts.
“If current conditions hold, and we get a real regulatory green light before the August recess, a price above $175,000 is increasingly within reach.”
Bitcoin’s current rally has also been fueled by corporate treasuries deepening their exposure.
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.
“This appears to be a structural re-rating,” added the DeVere Group CEO. “Bitcoin has never been more relevant, and never more resilient.”
“We’re watching history being made.”
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