Presto Research Director: Expected Bitcoin to Rise to $210000 by the End of 2025

On April 28th, according to Cointelegraph, Peter Chung, head of research at quantitative trading firm Presto, reiterated his prediction that Bitcoin will rise to $210000 by the end of 2025. Chung stated that global liquidity expansion is the main driving force behind his long-term bullish outlook on Bitcoin. Chung also acknowledges that the market environment this year has not been as ideal as expected, especially the challenges posed by macroeconomic conditions and market reactions. However, he described the recent market correction as a "healthy" adjustment, believing that it laid a more solid foundation for Bitcoin to move towards mainstream financial assets. He said, "Looking back, I think this is actually a healthy correction that paves the way for Bitcoin to further reprice as a mainstream asset