Bitcoin breaks new record, hits all-time high over $110K
What it means and where experts think it's going next.
Bitcoin (BTC) has just hit a brand new all-time high overnight, climbing to just over US$110,000 at US$110,030. It surpassed its previous record of US$106,136, which was set in January 2025.
This latest surge marks another milestone in BTC's rollercoaster journey of volatility, with investors, institutions and crypto-curious individuals watching closely as the world's largest cryptocurrency continues to gain momentum.
Why is Bitcoin pumping?
While prices can be influenced by a range of factors, including institutional buying, ETF flows, market sentiment, and global economic uncertainty, the broader trend suggests growing confidence in Bitcoin as a long-term store of value.
BTC's price has more than doubled since the start of 2024 and is now well into six-figure territory.
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Adding fuel to the rally, JPMorgan Chase CEO Jamie Dimon – a long-time Bitcoin skeptic – announced at the bank's annual investor day on Monday that it will soon allow clients to buy Bitcoin, marking a major backflip on his previous stance.
It follows rival Morgan Stanley's move in August 2024, to become the first US major bank to allow its customers to buy BTC.
What do the experts think?
According to Finder's April 2025 Crypto Predictions Report, a panel of 31 fintech specialists believe BTC has a lot more room to grow. The average prediction for Bitcoin's price by 2030 is US$452,714, climbing further to US$833,000 by 2035.
Predictions for Bitcoin's end-of-2025 price vary widely:
- The most bullish experts believe BTC will hit $250,000 this year
- The most bearish expect it to fall back to $50,000 – well below today's price
- The average forecast for the end of 2025 is $135,048
What does this mean for everyday Aussies?
For many Australians, Bitcoin is increasingly seen not just as a speculative investment, but as a digital asset with long-term potential. Finder research shows that more than one in four Australians (27%) already own crypto, and Bitcoin remains the most commonly held.
But with prices this high, volatility is still a factor. If you're thinking about buying BTC, make sure to compare platforms, understand the risks, and never invest more than you can afford to lose.
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