$210K target for Bitcoin due to its 'digital gold' status: Presto's Chung
Peter Chung, Head of Research at quantitative trading firm Presto, doubles down on his projection that Bitcoin will hit $210,000 by the end of 2025, saying it can serve as a safe haven asset during periods of crisis.
We almost forgot about Worldcoin (#WLD). Turns out — too early.
Rumors are heating up: Altman could soon add $WLD utility into ChatGPT and other OpenAI products — and many expect him to reveal more details at the "At Last" event on April 30.
If true, it would let him offload even bigger bags of $WLD at premium prices — while still leaving room for speculative upside.
It’s worth paying attention: AI is the locomotive driving this entire cycle — and OpenAI is arguably the strongest brand in the space.
Yes, $12B FDV looks heavy. But this market showed FDV ≠ death sentence: • $TRUMP hit $74B FDV at the top, still holds $15B after a 70% drawdown. • $OM crashed from $8B FDV like a low-effort rug.
On the chart: • Strong bounce from the $1 demand zone (+100%) • Major seller interest starts only around $5–$7
April 30 will show if it's another sell-the-news event — or if $1 was truly the bottom.
📣Digital asset investment products saw inflows totalling $3.4bn last week, the largest inflows since mid-December 2024, the 3rd largest inflows on record
Bitcoin cycle 2016–2017: Pump into Trump’s inauguration ➔ 34% dump in Q1 ➔ then the real rally kicked off.
Bitcoin cycle 2024–2025: Pump into Trump ➔ 32% dump in Q1 ➔ rally loading?
Markets seem way less reactive to the tariff headlines now — looks like they’re adapting.
Meanwhile, liquidity has been quietly pumping into crypto over the past week. Probably pricing in future QE, rate cuts, and trade deals already — like always, we’ll hear about it officially after the money printer is back on.
The pump is good — new projects, more activity, more chances to make money. But don't get too high on hopium. Bull markets don’t announce themselves.
OPINION: Morgan Stanley’s Michael Wilson says the weak dollar will support US corporate earnings, helping the American stock market to outperform the rest of the world.
JUST IN: Ethereum researcher Dankrad Feist proposes a four-year plan to increase Ethereum’s gas limit by 100x which could theoretically increase the blockchain’s TPS to 2,000, per report.
🔥Nearly 16 months after spot Bitcoin ETFs launched, Grayscale’s GBTC continues to dominate revenue generation with over $268M in implied annual revenue—more than all other Bitcoin ETFs combined ($211M)