Bitcoin has reached a record high, surpassing $120,000 ahead of 'Crypto Week'
Published on Jul 14, 2025 at 9:54 AM (UTC-4)
by Alessandro Renesis
Last updated on Jul 14, 2025 at 12:51 PM (UTC-4)
Edited by
Kate Bain
Bitcoin has just reached a new all-time high ahead of what some people call Crypto Week.
Ordinarily, crypto week refers to some weeks of the year that are densely packed with crypto events.
But, on this occasion, it’s about something else entirely.
And there’s also more news that made investors feel bullish.
DISCOVER SBX CARS: The global premium car auction platform powered by Supercar Blondie
The likely reason why Bitcoin reached a new all-time high
The term ‘crypto week’ is generally used ahead of weeks with a high concentration of crypto events but, on this occasion, everyone’s using the term to refer to the series of crypto bills that the US House of Representatives will begin deliberating on.
The current US administration did a complete 180 on crypto, favoring crypto adoption, including at the institutional level, which explains the massive bull run that’s still ongoing.
Bitcoin was worth around $60,000-$70,000 ahead of the election in November 2024, it then started climbing setting several new all-time highs in the process, including the latest, earlier this week, at over $122,000.
We can only imagine how the man who lost 8,000 BTC and the guy who spent 10,000 BTC on pizza must feel.
More to the point, we can also imagine how the person who turned $7,800 into $1.1 billion must feel.
Related
What’s making investors particularly bullish?
Historically, Bitcoin price has always been quoted in dollars.
However, Bloomberg Terminal recently adjusted its scale, and it is now showing Bitcoin in millions.
Translated, Bloomberg is no longer saying BTC is worth $122,000, it is instead saying it is worth $0.12 million.
Most analysts and investors agree that BTC will sooner or later be worth $1 million, and Bloomberg is clearly pioneering this viewpoint with its new scale.
Click the star icon next to supercarblondie.com in Google Search to stay ahead of the curve on the latest and greatest supercars, hypercars, and ground-breaking technology.
Alessandro is an automotive journalist with 10 years of experience covering supercars, automotive history, emerging vehicle technology, and luxury transportation. He wrote the first article published on SupercarBlondie.com when the website launched in 2022 and has since built a reputation for insightful reporting across the automotive and transportation industries. His expertise is grounded in hands-on experience. Alessandro has driven every Tesla model ever produced, from the original Roadster to the Cybertruck, and regularly covers the latest developments in electric vehicles and automotive innovation. His passion for transportation extends beyond cars, he has even flown a Boeing 787 Dreamliner simulator in Addis Ababa, Ethiopia. His reporting spans everything from classic American muscle cars and rare automotive discoveries to luxury yachts, private aircraft, high-end watches, and cutting-edge vehicle technology. Known for his deep knowledge of automotive history and ability to uncover the stories behind iconic vehicles, Alessandro brings readers a blend of historical context, technical expertise, and first-hand experience.
