A recent analyst has made a shocking prediction; he estimates that Bitcoin (BTC) will breach the $210 thousand price.
He is Peter Chung, Head of Research at Presto, who just made a bold statement: the price of Bitcoin (BTC) is predicted to skyrocket to $210,000 before the end of 2025.
What is the reason behind this fantastic prediction? Let's uncover it!
Large Institutions Begin Entering the Crypto Market
Peter Chung highlights that one of the main drivers of Bitcoin's price to this fantastic level is the growing institutional adoption.
Currently, many major banks, hedge fund managers, and giant companies are starting to look at Bitcoin as a new hedge asset, similar to gold.
In an interview with CNBC on YouTube, Peter Chung said;
"Bitcoin is now viewed as a safe haven asset amid global economic uncertainty."
This phenomenon is reflected in the numerous applications for Bitcoin Spot and Futures ETFs, as well as the entry of well-known financial institutions into the crypto space.
Global Liquidity Drives Bitcoin Prices
In addition to the adoption factor, the expansion of global liquidity is also the main fuel driving Bitcoin prices to the expected levels.
With many countries still implementing loose monetary policies post the 2023-2024 recession, the money supply has surged.
This condition drives investors to seek assets that can provide higher returns – and Bitcoin is one of the answers, Chung added;
"Bitcoin is an asset with absolute scarcity, so the increase in global liquidity will accelerate its price surge."
Technical Factor: BTC Supply Shock
Don't forget the effect of Bitcoin halving that occurred last year in 2024! After halving, the reward for Bitcoin miners is cut in half, automatically making the new supply of Bitcoin in the market more limited.
Decreasing supply while demand continues to rise = exploding prices! Many analysts believe that this trend will be fully felt by mid to late 2025.
Bitcoin Price $210 Thousand: Realistic or Too Optimistic?
Although the price prediction that breaks $210 Thousand sounds incredible, Chung believes this is not just a hollow dream.
As long as institutional adoption continues to grow and macroeconomic conditions are supportive, Bitcoin could reach this figure – or even more!
However, in the super volatile crypto world, risk management remains number one, bro! Don't FOMO without calculations.