Bitcoin, the most valuable cryptocurrency, reached a new peak of $111,880 on Thursday, coinciding with the “Bitcoin Pizza Day”
Bitcoin, the most valuable cryptocurrency, reached a new peak of $111,880 on Thursday, coinciding with the “Bitcoin Pizza Day,” and is likely to surpass $200,000 mark by 2025 end, experts say.
According to Sumit Gupta, co-founder of CoinDCX, on May 22, US spot Bitcoin ETFs recorded $934.8 million in net inflows in a single day. BlackRock’s IBIT alone brought in $877.2 million, while Fidelity’s FBTC added $48.7 million.
“This isn’t noise — this is the sound of deep-pocketed, institutional capital flowing in with conviction. Corporates like Strategy and Metaplanet have together accumulated nearly $900 million worth of Bitcoin on their balance sheets, signalling a deliberate positioning of BTC as a long-term strategic asset,” he said.
“At the same time, the derivatives market is echoing this sentiment. Open interest in Bitcoin futures hit an all-time high of $80.91 billion on May 22 — a sharp rise over just five days,” he said. The US Senate’s movement on the GENIUS Act for stablecoin oversight and a clear pro-crypto tone from US President Donald Trump, who has proposed a national Bitcoin reserve, are aiding the market sentiment.
This isn’t a temporary surge, it’s a structural shift, with governments and institutions becoming active participants in the cryptocurrency ecosystem, says Ashish Singhal, Co-founder at CoinSwitch. The next key level to watch will be $120K, and beyond that, Bitcoin’s role as digital gold will continue to solidify, he adds.
By the end of 2025, analysts expect Bitcoin to breach the $200,000 mark.
“We expect these supportive factors to push BTC to a fresh all-time high around ₹120,000 in Q2,” Geoffrey Kendrick, head of digital assets at Standard Chartered, was quoted as saying by CNBC. “We see gains continuing through the summer, taking BTC-USD towards our year-end forecast of 200,000.”
Gupta, meanwhile, said that Bitcoin’s price trajectory in the near to medium term will likely be shaped by institutional flows, macroeconomic cues and regulatory signals. Sustained ETF demand and a supportive interest rate environment could fuel further upside. However, volatility around key data releases—like US CPI prints, US Fed commentary or other regulatory developments—remains a critical factor to watch.
