In a live interview on CNBC, Peter Chung, head of research at the quantitative trading firm Presto, expressed his confidence that Bitcoin is capable of reaching a price of $210,000 before the end of 2025, noting that the currency is starting to transition into a global financial haven during times of economic turmoil.

Bitcoin stands on the brink of a potential price explosion.

Chung clarified at the beginning of the interview that his company has not changed its market outlook, emphasizing that their price prediction for Bitcoin remains at $210,000, driven by the increasing adoption of the currency by financial institutions and the expansion of global liquidity.

He added that the same mathematical model supporting this valuation also applies to Ethereum, which is based on its price ratio to Bitcoin at 0.05, considering that the technical community around Ethereum continues to address the issue of value leakage from the network.

Despite the market downturns witnessed at the beginning of the year, Chung pointed out that these corrections were necessary and healthy, contributing to the reassessment of Bitcoin as a major financial asset. From his perspective, the team at Presto has spent the past weeks studying whether there are signs of a fundamental flaw in market confidence or the global financial system, and the conclusion is that the major fundamentals remain intact.