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In a live interview on CNBC, Peter Chung, Head of Research at Presto, a quantitative trading company, expressed his confidence that Bitcoin is capable of reaching a price of $210,000 before the end of 2025, noting that the currency has started to turn into a global financial haven in 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 forecast for Bitcoin's price remains at $210,000, driven by increasing institutional adoption of the currency 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 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 downturns the market experienced at the beginning of the year, Chung pointed out that these corrections were necessary and healthy, contributing to a reevaluation of Bitcoin as a major financial asset. From his perspective, the team at Presto has spent the past 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.