Institutional Demand Fuels Bitcoin Optimism as $210K Target Looms

Despite a rocky year for global markets, Presto’s head of research, Peter Chung, remains unfazed about Bitcoin’s long-term potential.

In a recent CNBC interview, Chung doubled down on his earlier prediction, stating Bitcoin could reach $210,000 by the end of 2025. Rather than seeing this year’s volatility as a setback, he views the pullbacks as necessary groundwork for Bitcoin’s evolution into a mainstream financial asset.

Chung emphasized Bitcoin’s unusual ability to straddle two roles: a high-risk investment during growth phases and a safe-haven during financial crises. Citing past events like the Russia-Ukraine conflict and the 2023 banking turmoil, he noted that Bitcoin occasionally mirrors gold when trust in traditional finance wavers — a pattern he believes could strengthen moving forward.

Meanwhile, Ethereum remains part of Presto’s bullish outlook, with Chung maintaining confidence in ETH’s valuation relative to Bitcoin as network upgrades continue to unfold.

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Recent market behavior appears to support Chung’s narrative. Bitcoin’s climb to $94,000 has occurred with surprisingly little retail hype. Bitwise CEO Hunter Horsley pointed out that institutional buyers, from corporations to sovereign entities, are increasingly dominating the market, even as retail interest — measured by Google search trends — lags.

Adding further momentum, analysts at Standard Chartered and Intellectia AI suggest that growing ETF demand and macro hedging strategies could propel Bitcoin prices even higher, potentially more than doubling before 2025 draws to a close.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.