Bybit Executive Predicts Bitcoin Could Reach $125K by End of Q2

Bitcoin may rise further before the end of June, assuming current trends continue. Shunyet Jan, the Head of Derivatives at Bybit, suggests that a surge to $125,000 by the end of Q2 is possible.

This translates to an approximate increase of 16% from the current value around $108,000. It’s an audacious prediction, but Jan links it to stable fund inflows and a weakening US dollar.

Ambitious Bitcoin Price Projection

Jan announced the $125,000 target during a market analysis on Thursday. He believes if major investors maintain their buying momentum, Bitcoin could ascend from its current point of roughly $108,100 to $125,000 within five weeks.

This timeframe is tight. The imminent weeks will be crucial as prices explore new peaks and traders seek indicators of sustained growth.

Key Factors Influencing Prices

The first factor on Jan’s list is regulatory clarification. Recent reports indicate that the new GENIUS Act outlines specific regulations for stablecoins, potentially giving financial institutions more confidence in cryptocurrencies. Additionally, he references spot Bitcoin ETFs.

These investment vehicles have attracted new capital, providing a straightforward avenue for institutions to acquire Bitcoin. Lastly, Jan highlights the impact of a declining US dollar. According to him, as the dollar weakens, Bitcoin often emerges as a preferred alternative asset.

Mixed Prospects for Altcoins

While there’s optimism for Bitcoin, Jan cautions that altcoins may face difficult conditions. He points out that elevated interest rates and global uncertainties could hinder the performance of Ethereum and other significant alternative cryptocurrencies.

Should monetary expansion slow or risk appetite diminish, smaller tokens might fall behind Bitcoin’s rise. Traders focused on assets other than BTC might need to be more selective in their choices.

Additional Insights from Experts

Jan’s outlook is echoed by others in the industry. Scott Melker, host of The Wolf of All Streets podcast, believes Bitcoin might reach $250,000 by the end of 2025, noting a reduction in BTC’s volatility compared to the S&P 500.

Meanwhile, Adam Back of Blockstream envisions an even steeper increase to between $500,000 and $1 million per Bitcoin during this market cycle.

Michael Saylor, CEO of Strategy, adds that the recent dips below $150,000 are likely due to short-term investors exiting. He claims long-term holders are increasing their positions through spot ETFs and corporate acquisitions.

What’s Next for Investors?

Market participants will closely monitor ETF funding trends and any changes in US interest rate policies. Any unexpected moves towards stricter monetary policy from the Federal Reserve or new regulatory developments could significantly influence market prices.

A breakthrough to $125,000 for Bitcoin would signify a major achievement. Still, as always, the timing of any price shifts will hold as much importance as the targets themselves.