Bitcoin could hit 210k dollars in 2025. years, says the throne of the study head

Peter Chung, head of research in the quantitative trade company Presto, reiterated its prediction that Bitcoin (Btc) will by the end of 2025. Reach $ 210,000.

At 28 April interview With CNBC, Chung quilted institutional adoption and global dissemination of liquidity as primary drivers behind his long-term bullish prospect.

The analyst admitted that market conditions this year were not expected, especially challenging macroeconomic protection and market response in the market.

However, he described recent corrections as “healthy” adjustment, suggesting that they set up a stronger Foundation for Bitcoin Progressive to become the main financial resources.

“In the back direction, I think it was actually a healthy correction that took the way for a further re-rating of Bitcoin as Mainstream funds,” he said.

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The double role of bitcoin

Chung also talked to the double nature of Bitcoin, describing it as “and risk funds” and “digital gold”.

He said Bitcoin usually behaves like a highly risky asset that launched the adoption of users and network effects.

However, during the period of financial instability, such as breaking down 2022. The conflict of Russia-Ukraine or Coupe Silicon Valley Bank, Bitcoin has to act as a safe haven, similar gold.

“These moments are rare,” Chung explained, (they) only happened when the market doubt the stability of the financial system is dominated by US dollars. “

Although Bitcoin is behind the gold during a recent market turbulence, it suggested that Chung proposed that BTC could “catch up” and potentially surpass traditional safe refuge to the end of the year.

Chung also re-confirmed the decor’s target for Ether (El), Maintaining your estimate model based on ET-TO-BTC ratio, reflecting confidence in Etherum’s current network improvements.

Related: The new bitcoin price of all time could appear in May

Bitcoin guess 94,000 dollars as institutional adoption spreads

Section of Chung’s View, in Bobal, General Manager Horley said in the recent post to 94,000 in the amount of 94,000 minimum retailers, noting that “Bitcoin” remains near long-term orders.

According to Horsley, the current rally is Guided by institutional investorsFinancial advisers, corporations, and even national-state.

“Types of investors who buy Bitcoin spread,” Horley said.

Corporate bitcoin cash registers already have almost $ 65 billion of BTC, according to data by bitcoinreasuries.net.

22. April, Analysts from the standard official and intellection of AI said that the institutional bitcoin demand from stock market funds and traders who want to protect themselves from macroeconomic risk can be caused by Price of bitcoin in more than twice this year.

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