- Over 34% of Polymarket traders are betting that Bitcoin will surpass $125,000 by the end of July, fueled by recent bullish momentum and pro-crypto legislation in the U.S.
- Confidence has also been boosted by Trump Media’s $2 billion Bitcoin treasury move and President Trump’s signing of the GENIUS Act into law.
A growing wave of bullish sentiment is sweeping through the decentralized prediction platform Polymarket. This comes in place as significant number of traders are betting that Bitcoin will hit at least $125,000 before the end of July.
According to recent polling data on the platform, 34% of Polymarket participants believe that Bitcoin will break through the $125K barrier this month, signaling strong confidence in continued price momentum.
This surge in optimism follows Bitcoin’s recent all-time high of over $123,000, which came amid historic legislative developments for the cryptocurrency sector in the U.S.
However, while the $125K target has garnered substantial support, the outlook beyond that becomes less certain. Only 11% of bettors see Bitcoin rising above $130,000 by month’s end, while just 3% and 1% expect the crypto giant to touch $140,000 or $150,000, respectively.
These numbers suggest that while the market remains bullish in the short term, most believe a near-term ceiling is approaching.
Crypto-Friendly Legislation Fuels Optimism
The Polymarket trend coincides with a landmark week for U.S. crypto policy, including the signing of the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) by President Donald Trump as reported by ETHNews. The act provides regulatory clarity and support for stablecoins, long seen as a bridge between traditional finance and digital assets.
In his remarks during the signing, Trump addressed the broader crypto ecosystem, stating:
You were mocked and dismissed and counted out… but this signing is a massive validation.
This political endorsement has sent a strong signal to markets: the U.S. government is not only acknowledging the crypto space but actively working to shape its future. Alongside the GENIUS Act, the House also advanced the CLARITY Act and the Anti-CBDC Act, furthering the momentum behind crypto-positive legislation.
Truth Social’s Bitcoin Treasury Adds Fuel
Adding to the bullish narrative is the revelation that Truth Social’s parent company, Trump Media and Technology Group, has accumulated over $2 billion in Bitcoin. The move, announced on July 21, has energized supporters and investors alike.
Devin Nunes, CEO of Trump Media, emphasized the strategic intent behind the decision:
These assets help ensure our Company’s financial freedom… and will create synergies with the utility token we’re planning to introduce.
This bold commitment from a high-profile media company reinforces the perception of Bitcoin as a reliable store of value, especially in politically and economically turbulent times.
As of Monday afternoon, Bitcoin is hovering around $118,000, keeping the $125K target within striking distance. With the Polymarket crowd largely betting on continued gains and institutional momentum on the rise, the question now is not if Bitcoin will reach new highs, but how fast and how far it can go before July ends.
