On Oct 3, Bitcoin came close to a new all-time high, moving near the price point $124,457.12 and pushing its market cap to over $2.46 trillion.
On X, MicroStrategy co-founder Michael Saylor ran a poll asking if Bitcoin would end the year above $150,000. Almost 76% agreed Bitcoin could make it to Saylor's price point, as of writing.
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Meanwhile, Eric Trump posted a video from his company's American Bitcoin event, calling Bitcoin's rally "ripping!".
Prediction markets heat up
On Kalshi, the prediction market, more than 78% of nearly voted that Bitcoin will $125K in October.
Kalshi now offers Bitcoin a 97% probability of reaching $125,000 before December 2025. The chances have gone up a lot in the past few hours.
Traders also think there's an 86% possibility it will break that level before November 2025 and a 92% chance it will do so before January 2026.
At the top of the move, Bitcoin was trading over 2.6% higher on the day, with more than $73 billion in trading volume in the past 24 hours.
Related: Bitcoin beats world's top 5 banks by $350 billion
Bitcoin projections for the year
Forecasts from Wall Street analysts have added fuel to the optimism. Citigroup projects Bitcoin will hit $133,000 by year-end, while JPMorgan sets its target at $165,000.
Standard Chartered is the most bullish, suggesting Bitcoin could reach $200,000 in 2025. Citing these predictions, Matt Hougan, CIO of largest crypto index fund manager Bitwise wrote , "Q4 is going to be fun."
Crypto analyst Ansem wrote , "this may be the quietest bitcoin all time high i've ever experience on crypto twitter."
Saylor, the Bitcoin bull, reshared his previous post where he jokingly asked people to sell a kidney if necessary but to keep the Bitcoin, saying, "I hope you kept the Bitcoin."
As of writing, Bitcoin's market cap has surpassed the top five big banks in the world and the asset has a return of nearly 105.33% in just a year.
This story was originally reported by TheStreet on Oct 3, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
