Price Bitcoin once again became the center of financial attention today when it soared to a new record high. 123,000 USD. While the rest of the cryptocurrency market is enjoying positive growth momentum, Bitcoin's rally is taking on a different tone: sustainable and strongly supported by institutional capital.
According to experts, this growth momentum is driven by three main factors: Record-breaking ETF demand, weakening US dollar and large inflows from financial institutions. Is this the beginning of the journey to conquer the milestone? $200,000?
Organizational demand vs. limited supply
One of the biggest reasons behind this price increase is growing demand from institutional investors.
According to a July 10 report by Bitwise, ETF inflows average 8,200 BTC per day, while mining output remains at only 450 BTC everyday.
To put that in perspective, yesterday, spot ETFs collected 10,000 BTC, urgent 20 times the amount of new Bitcoins minedThis supply-demand imbalance is creating strong upward pressure on prices.
Bitcoin ETF: The New “King” in the Digital Asset Market
BlackRock's Bitcoin ETF, IBIT, has now become a major force in the market. After just 200 days of trading, the fund has achieved $84 billion in assets under management (AUM) – a record that Gold ETF (GLD) take up to 15 years newly achieved.
IBIT currently holds over 700,000 BTC, more near 100,000 BTC compared to its closest rival, demonstrating that institutional capital is shifting strongly to Bitcoin as a safe haven asset.
Bitcoin outperforms the US dollar
While the US dollar has fallen 11% In the past six months alone, Bitcoin has increased by more than $15,000 since early July. Part of the impetus comes from the US political and economic landscape:
- July 3, The US House of Representatives passed “The Big Beautiful Bill” President Trump's election, ushering in a period of massive budget spending, has driven investors to scarce assets like Bitcoin.
- Geopolitical tensions also contributed to Bitcoin's appeal, as Mr. Trump imposed 50% tariffs on the coin and imposed sanctions on Brazil.
Bitcoin is increasingly seen as “digital gold”, acting as a hedge against inflation and global economic volatility.
Will Bitcoin Hit $200,000 This Year?
Some experts predict that Bitcoin still has room for strong growth:
- Geoff Kendrick (Standard Chartered) predicts Bitcoin could reach $135,000 at the end of Q3 and $200,000 at the end of the year.
- Matt Hougan (Bitwise) also believes that if The current supply-demand gap remains, the scenario of Bitcoin hitting $200,000 in 2025 is entirely feasible.
HVA Group – Leading the trend of digital asset investment in Vietnam
In Vietnam, HVA Group is becoming one of the pioneers in the field. Consulting and developing digital asset ecosystemWith a strategic vision, HVA Group not only provides in-depth knowledge of the crypto market but also supports investors in accessing Modern, safe and transparent digital financial solutions.
In the context of Bitcoin continuously breaking records, accompanying reputable units such as HVA Group will help investors seize the opportunity and risk reduction, thereby optimizing profits in the digital financial era.
Conclude
Bitcoin's Strong Uptrend $122,000 not only the result of short-term factors, but also reflects A major shift in global investment thinking. As institutional capital continues to flow in, Bitcoin could very well reach new heights. With the support of pioneers like HVA Group, Vietnamese investors can confidently accompany the global digital finance trend.
