Bitcoin has climbed to unprecedented levels this week, surpassing $123,000 and extending beyond July’s previous record. The rally is being fuelled by continued momentum from institutional investment, corporate treasury adoption, supportive US policy, and gains at the sovereign level.
This latest surge reinforces the outlook from leading global financial advisory firm deVere Group, which maintains its projection that Bitcoin could reach $150,000 before the close of 2025.
The world’s largest cryptocurrency has now gained over 31% since the beginning of the year and stands around 60% higher than the market lows seen in April.
A combination of unprecedented inflows into US spot Bitcoin ETFs, balance-sheet allocations from major public companies, pro-Bitcoin policies from President Donald Trump’s administration, and rising national-level profits from BTC adoption are driving the latest rally.
Nigel Green, CEO and founder of deVere Group, says: “We’re seeing multiple, powerful forces converging to push Bitcoin to new highs.
“Institutional capital is pouring in through spot ETFs at record volumes. Public companies are treating Bitcoin as a strategic reserve asset. The White House is actively supporting the asset class. Nation states are already in profit on their Bitcoin positions. These aren’t isolated developments; they’re part of a deep, systemic shift in the global financial system.”
This week’s highs were accompanied by record trading volumes for US spot Bitcoin ETFs. BlackRock’s IBIT led with more than $3.7 billion traded in a single day, followed by Fidelity’s FBTC with over $500 million.
Corporate holdings have also reached historic valuations. Michael Saylor’s Bitcoin-focused firm Strategy announced that its BTC reserves are now worth $77.2 billion, an increase of more than $35 billion from its previous peak last year.
Meanwhile, El Salvador’s government revealed that it holds unrealized Bitcoin profits of more than $468 million. The country’s investment of $300.5 million is now valued at over $768 million, underscoring the potential for sovereign adoption to generate significant returns.
President Trump last week signed an executive order instructing the Labor Department to explore allowing 401(k) plans to hold cryptocurrencies and other alternative assets — a move that could dramatically increase retail exposure to Bitcoin in the US.
deVere’s Nigel Green says that while price volatility is inevitable, the structural drivers for Bitcoin remain overwhelmingly positive.
“There will be periods of profit-taking. That’s natural in any fast-moving market. But the underlying factors are strong and getting stronger.
“Institutions are committing long-term capital; corporate treasuries are diversifying into Bitcoin; and national adoption is delivering measurable returns. Also, Washington is shifting from resistance to integration.
“This is why we are currently maintaining our $150,000 target for year-end.”
Bitcoin’s capped supply remains a central feature in its upward trajectory. With a fixed issuance rate, growing demand from institutional, corporate, and sovereign buyers exerts increasing pressure on available supply.
This dynamic, combined with accelerating inflows, is creating the conditions for further sharp moves higher.
“The scarcity factor is now being amplified by unprecedented demand from entities that buy in size and hold for the long term,” Nigel Green adds.
“This is strategic positioning in an asset that is becoming embedded in both private and public sector portfolios.”
The deVere chief also points to the broader macro environment as a tailwind, with expectations of looser monetary policy increasing the appeal of assets perceived as stores of value.
“We’re entering a phase where policy, liquidity, and adoption are all aligned in Bitcoin’s favour.
“Even if we see pullbacks, they will likely be short-lived, because every dip is being met with substantial buying from market participants with deep pockets and long-term conviction.”
With Bitcoin now within striking distance of $125,000, the market’s attention is turning to whether the next leg higher will arrive in days or weeks.
For Nigel Green, the outlook is clear. “The trajectory remains firmly higher. The blend of institutional adoption, corporate strategy, supportive US policy, and sovereign participation is unprecedented. We believe Bitcoin will continue to climb and could reach $150,000 by year-end.
“For the time being at least it seems the momentum is there, the fundamentals are there, and the buyers are there.”
