Bitcoin has raced to another all-time high. As of midday October 6, the largest cryptocurrency by market value held above $125,700. That’s pushed bitcoin’s market capitalization beyond $2.5 trillion, and the broader crypto complex north of $4 trillion.
All positives for ETFs such as the Coinshares Valkyrie Bitcoin Fund (BRRR). There’s even more good news, particularly for investors looking to get involved with BRRR over the near-term or add to existing positions in the ETF. The prevailing wisdom in the investment community is that bitcoin has more upside in store into year-end. Potentially a lot more.
Bullish views on bitcoin and BRRR are supported by October and November’s historical performance. Historically, they are two of the best months in terms of average price performance for the digital currency. With that precedent in mind, it’s not a stretch to expect more all-time highs being notched over the near-term.
BRRR Merits Bullish Views
For bitcoin and BRRR investors scouring the headlines for positive views, there are plenty to be had. Take the new assessment from deVere Group CEO Nigel Green, who believes the king of digital currencies can ascend to $150,000 before the end of 2025.
“The price action reflects a deeper structural change in how investors view digital assets,” said Green. “Bitcoin is no longer a speculative corner of the market; it’s being treated as a legitimate macro instrument. Institutional capital, treasury allocations, and sovereign interest are reshaping the market’s depth and maturity.”
Bitcoin and ETFs like BRRR benefiting from this year’s U.S. dollar slump — a predictable reaction. Additionally, the cryptocurrency is buoyed by the government shutdown in this country, perhaps to the surprise of some investors.
“Every time the dollar softens or government data is delayed, the market is reminded of the value of decentralised, borderless assets,” added Green. “Bitcoin’s appeal strengthens when trust in central authority is questioned, and right now, that trust is under heavy strain.”
That assessment holds weight. Data indicates bitcoin trading volume has perked up in recent days, though some of that increase is attributable to liquidation of short positions at key price points. Still, bitcoin’s broader momentum cannot be debated. Also not debatable: the fact that the policy environment in Washington, D.C. is hospitable to digital assets, and that’s positive for BRRR.
“When the administration signals openness to innovation, it catalyses institutional confidence. This policy tailwind, coupled with clearer regulatory direction, is propelling Bitcoin into the mainstream of portfolio strategy,” concluded deVere’s Green.
For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.