April 28th. According to Cointelegraph, Peter Chung, Research Director at the quantitative trading firm Presto, once again reiterated his prediction: Bitcoin will rise to $210,000 by the end of 2025.
Chung stated that global liquidity expansion is a key driver of his long-term bullish view on Bitcoin. Chung also acknowledged that this year’s market environment has not been as ideal as expected, especially given the challenges in the macroeconomic landscape and market reactions.
However, he described the recent market pullback as a “healthy” correction, believing that it has laid a more solid foundation for Bitcoin’s transition to a mainstream financial asset. He stated: “In retrospect, I think this was actually a healthy correction that paved the way for further repricing of Bitcoin as a mainstream asset.”