Presto's Head of Research: Bitcoin Will Reach $210,000 in 2025

ChainCatcher news, according to Cointelegraph, the head of research at the quantitative trading firm Presto, Peter Chung, reiterated his prediction: Bitcoin will rise to $210,000 by the end of 2025.

Chung stated that the global liquidity expansion is the main driving force behind his long-term bullish outlook on Bitcoin. Chung also acknowledged that the market environment this year has not been as ideal as expected, especially with the challenges of the macroeconomic situation and the market's response. However, he described the recent market pullback as a "healthy" adjustment, believing it has laid a more solid foundation for Bitcoin's advancement into mainstream financial assets. He said, "Looking back, I think this is actually a healthy correction that paves the way for Bitcoin to be repriced further as a mainstream asset."