Bitcoin could hit $210K in 2025, says Presto research head

Peter Chung said Bitcoin has dual faces, acting as both a risk-on asset and digital gold based on market conditions and investor sentiment.Peter Chung, head of research at quantitative trading firm Presto, has repeated his prediction that Bitcoin will reach $210,000 by the end of 2025.

In an April 28 interview with#BTCvsMarkets , Chung cited institutional adoption and global liquidity expansion as the primary drivers behind his long-term bullish outlook.

The analyst acknowledged that market conditions this year haven’t been as expected, specifically the challenging macroeconomic environment and market reaction.

However, he described the recent corrections as a “healthy” adjustment, suggesting they have laid a stronger foundation for Bitcoin’s progression toward becoming a mainstream financial asset.

“In hindsight, I think it was actually a healthy correction which has paved the way for the further re-rating of Bitcoin as a mainstream asset,” he said.