An economist predicted that the BTC price could reach new historical highs in the near future.
From a technical and fundamental perspective, the second half of October is poised for Bitcoin (BTC) to reach new all-time highs. After surpassing $125,500, the cryptocurrency will enter a range of $129,000–$130,000. Vasily Girya, owner and CEO of GIS Mining, told Izvestia on October 10.
“Inflows into international Bitcoin investment funds continue to grow. Since early autumn, leading global central banks have continued to soften their rhetoric toward cryptocurrency markets. The expected continuation of the US Federal Reserve's monetary easing cycle, the dollar's weakness in the global currency market, and serious challenges in the financial systems of Western European countries continue to support Bitcoin's strength,” the economist said.
Furthermore, the growing share of Bitcoin in the reserves of major Western companies and banks provides significant support to the mining industry. Girya emphasized that since the beginning of autumn, interest from large institutional customers from Russia and friendly countries has grown by almost 30% compared to the influx of BTC mining orders in June–August.
“Investment companies are increasingly developing financial products for mining. Russian industrial mining has essentially become an additional investment asset and source of income for the financial sector. This is facilitated by balanced regulation and a balanced attitude among market participants,” the expert concluded.
On October 5, it was reported that the Bitcoin price had reached a new all-time high, surpassing $124,480. It is noted that the previous high was recorded on August 14, 2025, when the cryptocurrency's price reached $124,470.
Source: cryptonews.net
