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Bybit’s Shunyet on Bitcoin’s ATH: ‘$125K Is Within Reach’ in Q2

  • Bybit's Head of Derivatives, Shunyet Jan, announced on May 23, 2025 in Dubai that Bitcoin surged to a new all-time high.
  • Shunyet attributed the recent rally to a strong combination of favorable industry regulations, increased participation from large investors, and broader economic changes.
  • Bybit, ranking as the world’s second-largest cryptocurrency exchange with a user base exceeding 70 million, offers a reliable platform equipped with sophisticated trading features and access to a highly active and well-established market.
  • He forecasted that if current market conditions persist, Bitcoin’s price might climb to $125,000 before the close of the second quarter, highlighting the role of comprehensive laws like the GENIUS Act in providing clearer regulations for stablecoins.
  • This rally suggests growing institutional confidence and accelerating mainstream adoption, while a weakening US dollar benefits Bitcoin as a digital store of value.
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blockzeit.com broke the news in on Friday, May 23, 2025.
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