Peter Chung, head of research at the quantitative trading firm Presto, reaffirmed his forecast that Bitcoin (BTC) could reach $210,000 by the end of 2025. In a recent interview on April 28 on CNBC, Chung highlighted several factors that will be the main drivers of this surge.
In summary:
Peter Chung predicts that Bitcoin will reach $210,000 by the end of 2025.
The recent corrections have created a solid foundation for BTC's future progress.
Bitcoin combines a risk nature and a safe haven in times of instability.
Institutional adoption and the expansion of liquidity drive BTC's growth.
Several factors could make Bitcoin a significant asset in global markets.
The corrections... a solid foundation for Bitcoin's dominance.
Although the year 2025 has been characterized by disappointing market conditions, with a tense macroeconomic environment and a less favorable reaction from the crypto market that lost $200 million in 60 minutes, Chung believes that the recent corrections are 'healthy' and estimates that they have created a solid foundation for Bitcoin to become a top financial asset. According to him, these adjustments have laid the necessary groundwork to establish Bitcoin as a fundamental asset in the global financial scene. 'In retrospect, I believe this correction has been beneficial because it has paved the way for a reevaluation of Bitcoin as a major asset,' he stated.
BTC: an asset of dual nature.
The analyst also addressed the dual nature of Bitcoin, describing it as both a 'risk asset' and 'digital gold.' Indeed, BTC generally behaves as a high-risk asset, driven by user adoption and network effects. However, in times of financial instability, such as during the Russia-Ukraine conflict in 2022 or the collapse of Silicon Valley Bank in 2023, Bitcoin often acts as a safe haven, similar to gold. Despite Bitcoin struggling to compete with gold during the recent market turbulence, Chung believes that BTC could reach and eventually surpass traditional assets considered safe havens by the end of 2025.
$210,000 in sight!
Speaking of year-end, Peter Chung precisely estimates that Bitcoin could reach $210,000 by then, supported by several fundamental elements:
On one hand, major market players, such as investment funds and banks, are starting to integrate BTC into their portfolios, which boosts demand.
On the other hand, the global expansion of liquidity, fueled by accommodative monetary policies from central banks, creates a favorable environment for Bitcoin's rise.
This dynamic of institutional adoption and monetary support should allow BTC to establish itself as an important value asset in the global financial system. With factors such as institutional adoption and global liquidity management, Bitcoin seems well-positioned to reach significant levels in the coming years. According to Peter Chung, these elements could allow BTC to meet its ambitious forecast of $210,000 by the end of 2025.