Bybit: “Bitcoin Could Hit $125,000 by End of Q2 If Current Trend Continues”
Following Bitcoin’s new record high, Bybit – the world’s second-largest cryptocurrency exchange by trading volume – released its head of derivatives, Shunyet Jan, on the market’s strong growth trend. According to Shunyet, the impressive gains are not only the result of market behavior, but also the convergence of macro factors and progress in the regulatory framework.
“Bitcoin reaching a new ATH is a major milestone for the global financial industry,” Shunyet shared. “We are seeing a strong consensus on three key factors: clearer regulations, stable institutional money flows, and a favorable macroeconomic backdrop.”
Three Drivers of Bitcoin’s Rise
1. A Clearer Regulatory Environment for Stablecoins
Regulations like the GENIUS Act are creating a robust regulatory framework for stablecoins – which Shunyet says has “increased institutional investor confidence and accelerated the development of crypto market infrastructure.”
2. Strong Inflows into Spot Bitcoin ETFs
Shunyet points to the inflows into spot Bitcoin ETFs as clear evidence that major financial institutions are treating Bitcoin as a mainstream asset class, with ETFs providing “a regulated gateway and extended long-term liquidity.”
3. Weakening US Dollar and Bitcoin’s Role as “Digital Gold”
As the US dollar weakens, global investors are turning to Bitcoin as an alternative store of value. “Bitcoin continues to solidify its position as a safe haven asset during times of economic uncertainty,” Shunyet emphasized.
Outlook for the broader market
While Bitcoin is leading the rally, Shunyet cautioned that the high interest rate environment and global economic uncertainty could stifle the recovery of smaller altcoins. However, major assets like Ethereum are expected to benefit directly from the increased interest in Bitcoin.
Bybit’s bold prediction: $125,000 in Q2
“With the current analysis, if macro conditions and capital flows remain stable, Bitcoin could well reach $125,000 by the end of Q2 this year,” Shunyet asserted. “This is a historic moment, as cryptocurrencies are reshaping the global financial landscape.”
About Bybit
Founded in 2018, Bybit is now the world's second largest cryptocurrency exchange by volume, serving over 70 million users globally. With a mission to promote fairness and transparency in the Web3 space, Bybit partners with leading blockchain protocols to build a robust technical infrastructure for decentralized finance.
The platform features secure custody, a user-friendly interface, in-depth trading tools, and a comprehensive DeFi ecosystem, bridging the worlds of traditional finance (TradFi) and decentralized finance (DeFi).