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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 has begun to transform into a global financial haven during times of economic turmoil.

Bitcoin is on the brink of a potential price explosion

Chung clarified at the beginning of the interview that his company has not changed its outlook on the market, emphasizing that their price prediction 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 underpins 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 corrections seen at the beginning of the year, Chung indicated that these corrections were necessary and healthy, contributing to the re-evaluation 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 malfunction in market or global financial system trust, concluding that the major fundamentals remain sound.