Bitcoin Expected to Reach $210,000 by End of 2025 According to Presto

During a CNBC interview, Peter Chung from Presto reiterated the forecast for Bitcoin to reach $210,000 by the end of 2025. He attributed this potential rise to institutional adoption and global liquidity expansion.

Key Points from the Interview

Chung maintained the market outlook with a target price of $210,000 for Bitcoin and discussed Presto's valuation for Ether based on the ETH-to-BTC ratio.
He characterized the earlier market pullback as a healthy correction that positions Bitcoin as a mainstream asset.
Presto found no systemic issues in the market impacting asset positioning, indicating ongoing secular drivers.
Chung explained Bitcoin's dual nature: it acts as a risk-on asset but behaves like gold during financial crises.
The firm tracks global liquidity expansion, particularly through central bank balance sheets, influencing crypto markets.
Institutional order-flow data has indicated a significant increase in large block trades in Bitcoin futures.
Chung argued that the $210,000 target is conservative compared to historical adoption rates and not overly optimistic.
He identified two critical factors that could necessitate a downward revision of the target: a sustained collapse in real global M2 or a governance failure in the Bitcoin network.
Chung regards the recent correction as a mid-cycle purge, with Bitcoin showing signs of recovery.
As of now, Bitcoin is trading at $94,983.

Bitcoin price