$BTC Peter Chung, head of research at the quantitative trading firm Presto, has reiterated his prediction that Bitcoin (BTC) will reach USD 210,000 by the end of 2025.

In an interview given on April 28 to CNBC, Chung cited institutional adoption and the expansion of global liquidity as the primary drivers of his long-term bullish outlook.

The analyst acknowledged that market conditions this year have not been as expected, particularly the difficult macroeconomic environment and market reaction.

However, he described the recent corrections as a "healthy" adjustment, suggesting that they have laid a more solid foundation for Bitcoin's progression towards becoming a dominant financial asset.

"In hindsight, I think it has actually been a healthy correction that has paved the way for greater revaluation of Bitcoin as a main asset," he said.