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In a live interview on CNBC, Peter Chung, Head of Research at Prestow, a company specializing in quantitative trading, expressed his confidence that Bitcoin can reach a price of $210,000 before the end of 2025, pointing out that the currency is starting to turn into a global financial refuge during times of economic turmoil.

Bitcoin is on the brink of a potential price explosion

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

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

Despite the declines that the market experienced 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, and from his perspective, the team at Prestow has spent the past few weeks studying whether there are indications of a fundamental flaw in market confidence or the global financial system, and the conclusion is that the major fundamentals remain intact.