Apollo Crypto’s Chief Investment Officer Says Bitcoin’s Rise to $122K Was Inevitable

Key Takeaways:

• Bitcoin breaks $122K as the consolidation phase ends.
• $12.5T retirement funds now open to crypto investments.
• Experts predict $150K next as scarcity fuels demand.

One of the foremost executives in the crypto sector has given his verdict on Bitcoin's recent ascent. 

Apollo Crypto's chief investment officer (CIO) Henrik Andersson, believes Bitcoin’s recent rally above $122,000 was a long-anticipated move following a period of steady consolidation. Earlier today, August 11,  Bitcoin rose more than 3.3% above $122,150, edging closer to its all-time high of $123,000. 

*BITCOIN SURGES ABOVE $122K TO NEAR RECORD HIGH, LAST UP OVER 3%$BTC pic.twitter.com/6nJCiarjVP

— Investing.com (@Investingcom) August 11, 2025

Potential $12.5 Trillion Fund Inflows Spark Bitcoin Surge

Andersson, who spoke exclusively to Cointelegraph, told the media outlet that the premier cryptocurrency (Bitcoin) had been trading within a narrow range of $115,000 to $120,000 despite multiple positive news reports. 

He described this as a “low-volatility band,” indicating that even amid favorable news, Bitcoin's price remained steady without significant fluctuations. This stability suggested that investors were digesting recent developments and awaiting stronger catalysts before committing to larger moves.

The latest price pump has fresh triggers. 

On August 7, President Trump signed an executive order allowing $12.5 trillion in 401(k) retirement funds to include crypto investments. This opens the door for private equity, real estate, and digital assets like Bitcoin to become part of retirement portfolios. 

🇺🇸 BREAKING: President Trump has signed an executive order permitting Bitcoin and other cryptocurrencies to be included in 401(k) retirement plans. pic.twitter.com/1q0QxICtJr

— Crypto Briefing (@Crypto_Briefing) August 7, 2025

By tapping into the vast U.S. retirement market, this order is expected to drive new capital into Bitcoin and other cryptocurrencies.

Bitcoin ETFs have also contributed to the upward momentum. Data from Farside Investors reveals that approximately $773 million worth of Bitcoin flowed in during the final three trading days of last week. 

Corporate investors are stepping up as well. Quantum Solutions, a Japanese AI company, plans to invest up to $10 million in Bitcoin over the next year.

Additionally, Michael Saylor’s company, Strategy, has aggressively expanded its Bitcoin holdings since President Trump won at the polls last year. In just eight months, Strategy bought 376,571 BTC, exceeding the 252,220 BTC it accumulated over the previous four years.

$150,000 Price Mark Projected as Bitcoin’s Next Major Uptick

Despite these positive progresses and updates in the sector, Bitcoin is not done yet. 

The next all-time high for Bitcoin is expected to be well above $120,000 in the coming months. 

Jack Mallers, co-founder and CEO of Twenty One Capital, believes the Bitcoin price is headed beyond $150,000. To him, Bitcoin's limited supply would be a key factor for its price action in the coming months. 

As designed by its creator, Bitcoin comes loaded with a fixed maximum supply of 21 million coins. Nothing more can be minted once all coins are created.

Unlike traditional currencies or stocks, its supply cannot increase to meet rising demand. The scarcity makes Bitcoin highly inelastic, meaning that as more investors demand a piece of the action, the price tends to rise sharply. 

Mallers also warned that the longer conservative investors wait, the more expensive Bitcoin will become.

Twenty One Capital CEO and co-Founder @jackmallers explains why his new company is only buying Bitcoin and talks about its scarcity with @ScarletFu and @timsteno on "Bloomberg Crypto" https://t.co/AfQ11IeITp pic.twitter.com/DOD9vXI53U

— Bloomberg TV (@BloombergTV) July 29, 2025

Supporting this outlook, billionaire founder Ray Dalio of Bridgewater Associates adjusted his stance recently. Dalio now recommends that investors allocate about 15% of their portfolios to a mix of gold and Bitcoin, as he believes this mix offers a balance for portfolios, considering the returns and risks involved under the current economic climate. 

For a better perspective, the U.S. national debt has ballooned to nearly $37 trillion. Dalio pointed out that the government's expense now outpaces revenue by 40%, making it difficult to reduce the budget deficit. 

In such uncertain economic times, assets like gold and Bitcoin can act as protection against inflation and currency devaluation.

Both Mallers and Dalio's insights reflect growing acceptance of Bitcoin not only as a speculative asset but also as a long-term store of value that can protect wealth in a volatile economy.