Chinese Analyst Reveals Expected Level for Bitcoin (BTC) Price!

Peter Chung, the Research Director of the quantitative trading firm Presto, announced that they are maintaining their target for Bitcoin by the end of 2025. Chung predicts that Bitcoin will rise to $210,000 due to the impact of institutional adoption and global liquidity expansion.

In his statement, Chung said, “There has been no change in our market outlook. Our target price for Bitcoin remains at 210,000 dollars.” Chung, who stated that they have also maintained their targets for Ethereum, expressed that they expect the ETH/BTC ratio to remain stable at the level of 0.05.

Despite the macroeconomic outlook and market reactions developing differently than expected, Chung considers this process a “healthy correction.” According to him, this correction has paved the way for Bitcoin’s repositioning as a mainstream asset.

Chung, who stated that Bitcoin has two different faces, said, “Bitcoin often behaves like a network based on user adoption, like a risky asset. However, during times of crisis, it acts like digital gold.” According to Chung, Bitcoin’s ‘safe haven’ function comes to the fore during periods of increasing doubts about the stability of the US dollar-centered financial system. Russia’s attack on Ukraine (2022), the collapse of Silicon Valley Bank (2023), and the recent economic tensions are cited as examples of this situation.