Catenaa, Tuesday, July 22, 2025-A majority of bettors on Polymarket are predicting that Bitcoin will surpass $125,000 before the end of July, driven by growing optimism after a wave of US crypto legislation and high-profile institutional support.
According to the decentralized prediction platform, 34% of participants forecast Bitcoin will breach the $125,000 mark this month.
However, expectations for further gains are lower, with just 11% anticipating a climb above $130,000. Only 3% and 1% believe the asset will reach $140,000 and $150,000, respectively, before July closes.
Bitcoin recently hit an all-time high above $123,000, buoyed by political developments in Washington.
On July 17, President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law.
The move was part of a broader legislative push branded “Crypto Week” by Republicans, which also advanced the CLARITY and Anti-CBDC Acts through the House.
Trump framed the law’s signing as a turning point for the crypto industry, addressing supporters at the White House and declaring the legislation a victory for digital asset innovation. The effort was backed by Speaker Mike Johnson, who hailed the trio of bills as central to the administration’s economic agenda.
Adding further momentum, Trump Media and Technology Group announced on July 21 that it had acquired over $2 billion in Bitcoin to anchor its treasury reserves.
The move is seen as both a financial hedge and strategic alignment with plans to launch a utility token for Truth Social.
