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."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dan Ives reveals top tech stock picks for 2027! Nvidia, Microsoft, Apple, and three other stocks make the list, Tesla selected as “disruptive tech top pick”
Former Wedbush tech analyst Dan Ives released his top picks for the technology sector in 2027 on Wednesday, listing Nvidia, Microsoft, Palantir, Apple, and CrowdStrike as his five top technology choices.
US Midterm Elections Become a "Touchstone" for Defense Stocks: Trillion-Dollar Defense Budget Expansion Faces Congress Test
The U.S. midterm elections are becoming a crucial test of investors' sentiment towards the rapidly growing defense sector.
Samsung Electronics Q3 Profit Hits Another Record but Falls Slightly Short of Expectations; AI Memory Boom Drives Growth, Yet High Stock Prices and Cyclical Concerns Persist
Preliminary data released by Samsung Electronics on Thursday showed that its operating profit for the third quarter ending in September amounted to approximately KRW 107.4 trillion (about USD 80.1 billions), more than eight times higher than the same period last year, setting a new record mainly driven by demand for high-bandwidth memory (HBM).
Crypto prices
More
