Peter Chung, the head of research at Presto, has recently reiterated a bullish forecast suggesting that Bitcoin could potentially reach $210,000 by the end of 2025. This prediction is primarily based on the expectation of increasing institutional adoption and the expansion of global liquidity. Despite the challenging market conditions observed in 2025, Chung views recent price corrections as a "healthy adjustment" that is strengthening Bitcoin's position as a mainstream financial asset. He also highlights Bitcoin's unique characteristic of acting as both a risk-on asset, driven by user adoption, and a form of "digital gold," serving as a safe-haven during financial instability.
Supporting this optimistic outlook, Bitwise CEO Hunter Horsley noted that the recent rise in Bitcoin's price to around $94,000 has occurred with limited participation from retail investors, suggesting that institutional investors are the primary drivers. Further reinforcing this sentiment, analysts from Standard Chartered and Intellectia AI have indicated that institutional demand through Bitcoin ETFs and macroeconomic hedging strategies could lead to a doubling of Bitcoin's price in 2025.
Currently, Bitcoin is trading around $94,000, facing resistance at the $95,000 level. Technical analysis suggests that a break above the $100,000 psychological threshold could pave the way for a retest of its all-time high. Factors that typically influence Bitcoin's price include supply and demand dynamics, market sentiment, regulatory developments, technological advancements, and macroeconomic conditions. The limited supply of Bitcoin (capped at 21 million coins) and events like the halving (which reduces the rate at which new Bitcoins are created) can also impact its price.
