According to ChainCatcher and Cointelegraph, Peter Chung, the research director of quantitative trading company Presto, reiterated his prediction that Bitcoin will rise to $210,000 by the end of 2025.
Chung stated that global liquidity expansion is the main driving force behind his long-term bullish outlook on Bitcoin. He acknowledged that the market environment this year has not been as ideal as expected, particularly due to macroeconomic challenges and market reactions. However, he described the recent market pullback as a "healthy" adjustment, believing it establishes a more solid foundation for Bitcoin's move towards mainstream financial assets. He said: "Looking back, I believe this is actually a healthy correction that paves the way for Bitcoin to be repriced as a mainstream asset."
