Over the weekend, the world’s largest cryptocurrency reached a new record — around $125,000 per Bitcoin. The surge reignited discussions about Coinbase CEO Brian Armstrong’s prediction that Bitcoin could hit $1 million by 2030.

“Bitcoin is not just an asset, it’s a long-term movement changing the financial system,” Armstrong said in an interview with Fox Business.

The rise made 2025 a turning point: Bitcoin’s market capitalization exceeded $2.45 trillion, surpassing Amazon and closing in on silver. Analysts link this growth to institutional demand and the launch of ETFs, including iShares Bitcoin ETF (IBIT) and ARK 21Shares Bitcoin ETF (ARKB).

Meanwhile, the amount of Bitcoin held on exchanges fell to a six-year low, and the network’s hash rate reached record levels, signaling miners’ confidence in future price gains.

Despite the record highs, Google Trends data shows public interest remains muted — searches for Bitcoin are four times lower than in 2020. Experts see this as a bullish signal, suggesting prices could reach $134,000 by year-end.