{"id":128119,"date":"2025-04-28T13:15:31","date_gmt":"2025-04-28T13:15:31","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128119"},"modified":"2025-04-28T13:15:31","modified_gmt":"2025-04-28T13:15:31","slug":"bitcoin-could-hit-210k-in-2025-says-presto-research-head","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128119","title":{"rendered":"Bitcoin could hit $210K in 2025, says Presto research head"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsPeter Chung, head of research at quantitative trading firm Presto, has repeated his prediction that Bitcoin (BTC) will reach $210,000 by the end of 2025.<br \/>\nIn an April 28 interview with CNBC, Chung cited institutional adoption and global liquidity expansion as the primary drivers behind his long-term bullish outlook.<br \/>\nThe analyst acknowledged that market conditions this year haven\u2019t been as expected, specifically the challenging macroeconomic environment and market reaction.<br \/>\nHowever, he described the recent corrections as a \u201chealthy\u201d adjustment, suggesting they have laid a stronger foundation for Bitcoin\u2019s progression toward becoming a mainstream financial asset.<br \/>\n\u201cIn hindsight, I think it was actually a healthy correction which has paved the way for the further re-rating of Bitcoin as a mainstream asset,\u201d he said.<br \/>\nRelated: Bitcoin trades at \u201840% discount\u2019 as spot BTC ETF buying soars to $3B in one week<br \/>\nBitcoin\u2019s dual role<br \/>\nChung also discussed Bitcoin\u2019s dual nature, describing it as both a \u201crisk-on asset\u201d and \u201cdigital gold.\u201d<br \/>\nHe said that Bitcoin typically behaves like a high-risk asset driven by user adoption and network effects.<br \/>\nHowever, during periods of financial instability, such as the 2022 outbreak of the Russia-Ukraine conflict or the 2023 Silicon Valley Bank collapse, Bitcoin tends to act as a safe-haven asset, similar to gold.<br \/>\n\u201cThese moments are rare,\u201d Chung explained, \u201c[They] only happened when the market has doubts about the stability of the US dollar-dominated financial system.\u201d<br \/>\nWhile Bitcoin has lagged behind gold during recent market turbulence, Chung suggested BTC could \u201ccatch up\u201d and potentially outperform traditional safe-haven assets by year\u2019s end.<br \/>\nChung also reaffirmed Presto\u2019s target for Ether (ETH), maintaining its valuation model based on the ETH-to-BTC ratio, reflecting confidence in Ethereum\u2019s ongoing network improvements.<br \/>\nRelated: New Bitcoin price all-time highs could occur in May<br \/>\nBitcoin hits $94,000 as institutional adoption expands<br \/>\nEchoing Chung\u2019s view, Bitwise CEO Hunter Horsley said in a recent post on X that Bitcoin\u2019s surge to $94,000 has occurred with minimal retail participation, noting that Google searches for \u201cBitcoin\u201d remain near long-term lows.<br \/>\nAccording to Horsley, the current rally is being driven by institutional investors, financial advisers, corporations, and even nation-states.<br \/>\n\u201cThe types of investors buying Bitcoin is expanding,\u201d Horsley said.<br \/>\nHunter Horsley pointing out growing Bitcoin adoption among institutions. Source: Hunter HorsleyCorporate Bitcoin treasuries already hold nearly $65 billion worth of BTC, according to\u00a0data from BitcoinTreasuries.NET.<br \/>\nOn April 22, analysts from Standard Chartered and Intellectia AI said institutional Bitcoin demand from exchange-traded funds and traders seeking to hedge against macroeconomic risk could cause Bitcoin\u2019s price to more than double this year.<br \/>\nMagazine:\u00a0Financial nihilism in crypto is over \u2014 It\u2019s time to dream big again<a href=\"https:\/\/cointelegraph.com\/news\/peter-chung-bitcoin-210k-prediction-institutional-adoption-2025?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsPeter Chung, head of research at quantitative trading firm Presto, has repeated his prediction that Bitcoin (BTC) will reach $210,000 by the end of 2025. In an April&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128119"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128119"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128119\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128119"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}