Bitcoin (BTC) Could Reach $125,000 by the End of Q2

Bitcoin's breakout to a new all-time high is just the beginning, according to Shunyet Jan, Head of Derivatives at Bybit

The world's second-largest crypto exchange predicts that Bitcoin could hit $125,000 by the end of Q2 if current trends persist.

"This all-time high marks a transformative moment in the evolution of global finance," said Shunyet Jan, Head of Derivatives at Bybit.

"If we look at the big picture, there are three main catalysts behind this rally: regulation, institutions, and macro pressure on the U.S. dollar."

Jan highlighted the recent introduction of the GENIUS Act, which sets clearer rules for stablecoins.

"This kind of regulation builds confidence and infrastructure, which could help unlock further institutional adoption. We are seeing plenty of capital flow into spot Bitcoin ETFs, signaling that institutions are viewing BTC as a serious asset class."

These products provide regulated access to Bitcoin, drawing in long-term capital.

On the macro front, the weakening U.S. dollar is amplifying Bitcoin's appeal as a global hedge.

"Bitcoin's inverse correlation to the dollar strengthens its role as digital gold, especially during periods of high inflation and economic uncertainty," Jan explained.

While optimistic on Bitcoin's trajectory, Jan was cautious about altcoins.

"Ethereum and other majors may follow BTC's lead, but high interest rates and macro uncertainty could cap gains for smaller tokens. Overall, the picture for altcoins is mixed and dependent on the broader market backdrop."

With BTC hovering above $110,000, Bybit's forecast of $125,000 by quarter's end reflects growing confidence in Bitcoin's role in the evolving financial landscape.