The cryptocurrency market saw a continuation of its powerful bull run on October 7, 2025, with Bitcoin establishing a new all-time high and garnering extremely bullish long-term forecasts from institutional players. Coinidol.com on BTC price.
The price of Bitcoin (BTC) surged past the $126,000 mark, trading around $124,000 by the morning of October 7, after setting a new all-time high of $126,200 on the preceding day.
A major catalyst for this explosive price growth was the sustained, high-volume inflows into Bitcoin Exchange-Traded Funds (ETFs). The iShares Bitcoin ETF (IBIT), in particular, was on the verge of hitting $100 billion in Assets Under Management (AUM), achieving this milestone in less than 450 days, making it the fastest ETF in history to reach that figure — a feat that took the Vanguard S&P 500 ETF over 2,000 days. This record-breaking adoption highlights the profound transformation in institutional acceptance and regulatory clarity that has characterized the 2025 market cycle.
Bitcoin price is still facing pressure and fluctuating. As of this writing BTC price is $123,106.
Furthermore, adding fuel to the bullish sentiment, a prominent analyst from asset management firm VanEck, Matthew Sigel, who had accurately predicted Bitcoin’s 2025 peak, issued an even more aggressive long-term forecast, as the FinanceMagnates reported.
Sigel suggested that Bitcoin price could reach an “equivalent value” of $644,000 by the next halving event in 2028. This prediction is based on the premise that Bitcoin will achieve roughly half of gold’s market capitalization following the next halving. Given the record gold price of approximately $3,960 per ounce on that day, this projection implies a potential gain of 420% from the current price levels.
The analyst cited surveys indicating that younger consumers in emerging markets are increasingly favoring Bitcoin over traditional gold as a store of value, cementing the narrative of Bitcoin as “digital gold.” The market analysis also pointed to expectations of Federal Reserve rate cuts in late 2025 as a factor that would further lower the cost of holding Bitcoin and increase capital inflows. The combination of historic ETF success and aggressive institutional price targets reinforces a market environment where Bitcoin is seen less as a speculative asset and more as a powerful, rapidly adopted store of value.
