That’s right, this “Uptober”, the crypto slang for October, is here, and Bitcoin has done it again! On Sunday, 5th October 2025, Bitcoin reached an all-time high of $125,553.33! Following a steep rise towards the end of September, it’s powered through. It was predicted to happen this month, but Bitcoin has now officially hit an all-time high. That’s a $15,000 USD uptick in seven days, a return you could only dream about in traditional markets!
Bitcoin is more than just a cryptocurrency in many respects, as it’s considered the backbone of the crypto market and is fundamentally tied to the future of the crypto market and broader adoption. Think of it like this: everybody wants to hold USD because it’s the world’s reserve currency. Bitcoin is the “unofficial” reserve currency of crypto, meaning everyone in crypto wants to hold Bitcoin because of this. They may favour holding other cryptocurrencies, as you would favour holding other currencies in a traditional market. It could be you’re speculating on the value of the currency, or it could simply be it’s your home country’s currency, a bit like a blockchain network’s ecosystem has a reserve currency. These ideas mirror one another nicely.
So, What Does This Mean?
Well, this isn’t entirely unexpected, although the steep seven-day hike wasn’t in anyone’s forecast. Many in the crypto and broader financial markets had predicted Bitcoin would end the year at a new all-time high, but with this happening in such a short space of time, it’s now likely we’ll see Bitcoin knocking on the door of $140,000 with Citi conservatively predicting $133,000 before the year is out and J.P. Morgan and Standard Chartered bullish in their predictions of $165,000 and $200,000
Although all investments carry risks, Bitcoin is likely to keep rising in price year on year as an alternative to fiat buckling under the debt of governments spending and money printing, so adding Bitcoin to your portfolio and holding it for years could give you a return you could only dream about in conventional markets.