Traders on a decentralized platform are putting real money on Bitcoin’s path this month. According to a new Polymarket poll, 36% of bettors believe Bitcoin will top $125,000 by July 31.
Only 11% think it will clear $130,000, while just 3% and 1% back it reaching $140,000 and $150,000 respectively. As of Tuesday morning, Bitcoin hovered around $118,327, just shy of its all‑time high of $123,000 reached last week.
Polymarket Predictions Stir The Pot
Based on reports from Polymarket, the biggest chunk of wagers focuses on the $125,000 mark. That target sits about 6% above current levels, a gap many find doable given recent price swings.
Much smaller percentages are seeking more. Only 11% are putting their money on the $130,000 target. And beyond that—above $140,000—bets decline sharply, with just 3% and 1% supporting those higher amounts.
The survey highlights cautious optimism: many believe there’s room for improvement, but few are forecasting a dramatic leap above the previous peak.
Price action supports their caution. Bitcoin’s recent climb followed a steady rise since mid‑2023, and it has spent much of July testing resistance near the $120,000 zone.
A push past $125,000 would be a fresh milestone. But if sellers step in, a pullback toward $110,000 is not out of the question.
Doubling Down On Bitcoin
On July 21, Trump Media & Technology Group Corp. revealed it now holds more than $2 billion in Bitcoin assets. That haul makes up the bulk of its roughly $3 billion in cash and equivalents.
CEO Devin Nunes said the move secures “financial freedom” for the company and ties into a planned utility token for the Truth Social network.
Big buys like this often send ripples through the market, attracting media attention and nudging prices higher. They can also inspire other firms and funds to consider similar crypto stakes.
I just signed the landmark legislation passed today by House Republicans to strengthen American crypto innovation.
The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act deliver on President Trump’s vision to make crypto a core pillar of the U.S. economy and ensure… pic.twitter.com/rnJgq3KaV2
— Speaker Mike Johnson (@SpeakerJohnson) July 17, 2025
US Stablecoin Rules Take Center Stage
A week ago, US President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law.
The bill sets clear rules for dollar‑pegged coins. It requires full backing by cash or Treasuries, regular reserve reports and know‑your‑customer checks.
Trump called the move “massive validation” for crypto users and businesses. House leaders also moved ahead on two other bills: the CLARITY Act and the Anti‑CBDC Act.
Their progress shows growing interest on Capitol Hill in shaping stablecoin policy. Clarity on rules could boost confidence in the broader crypto market, lifting sentiment for Bitcoin and beyond.
Featured image from Meta, chart from TradingView
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