Presto Head of Research: Bitcoin Expected to Rise to $210,000 by End of 2025

According to Cointelegraph, Peter Chung, Head of Research at quantitative trading firm Presto, has reiterated his prediction that Bitcoin will rise to $210,000 by the end of 2025. Chung indicated that global liquidity expansion is a key driver of his long-term bullish outlook for Bitcoin. However, he also acknowledged that this year's market environment has not been as ideal as expected, especially with the challenges of the macroeconomic situation and market reactions. Nonetheless, he described the recent market pullback as a healthy correction, laying a more solid foundation for Bitcoin to advance as a mainstream financial asset. He stated, "In hindsight, I believe this was actually a healthy correction, paving the way for Bitcoin to be repriced further as a mainstream asset."