124FPS?
At what resolution and graphics settings?
I have a GTX1080 and i7-3770K CPU and can't get 124FPS on maximum settings. I'm closer to 75FPS average (with a few settings drops to maintain 60FPS VSYNC ON) at 2560x1440.
I also doubt that your CPU is the bottleneck for GTA 5 + GTX1070.
In the following benchmark, the GTX1050Ti would be near the GTX770 (hard to say as there could be some issue with 2GB only of VRAM):
http://www.techspot.com/review/991-gta-5-pc-benchmarks/page2.html
So about 67FPS at the SAME resolution and settings (and area of game). Game may have been slightly IMPROVED with patches since then.
So that is NOT maximum quality. If it was maximum quality at 1080p he'd be under 30FPS.
Summary:
Again, 124FPS is meaningless if we don't know the exact settings but:
a) You should be able to maintain 60FPS at 1080p max/near-max
b) The CPU is likely never a bottleneck in GTA5 for you.