Bitcoin has set a new record - the price has reached $123,000

On July 14, the price of bitcoin once again updated its historical maximum, reaching a record mark of $123 thousand. Analysts indicate that bitcoin, along with gold, is now positioned as the main protection against the impending financial crisis in the US.

In July, US President Donald Trump passed his "Big Beautiful Bill," which raises the debt ceiling by $5 trillion, making it the largest one-time increase in US history.

Analyst Mark Thelen in an interview with Cointelegraph stated: "This is not just another cryptocurrency rally, this is a direct response to the collapse of the US fiscal system, which is happening much faster than expected." Thelen emphasized that bitcoin has evolved from a technological asset into a macro asset, in particular, as a means of protection against irresponsible US fiscal policy.

Markets are also eagerly awaiting that on July 22, the Trump administration's working group on digital assets will publish a report on cryptocurrency policy, which may include a proposal for a strategic bitcoin reserve.

Experts from 10x Research predict further growth in the price of bitcoin to $140,000–160,000 by the end of 2025.