{"id":155654,"date":"2025-04-29T15:00:14","date_gmt":"2025-04-29T12:00:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=155654"},"modified":"2025-04-28T19:23:38","modified_gmt":"2025-04-28T16:23:38","slug":"institutional-demand-fuels-bitcoin-optimism-as-210k-target-looms","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/institutional-demand-fuels-bitcoin-optimism-as-210k-target-looms\/","title":{"rendered":"Institutional Demand Fuels Bitcoin Optimism as $210K Target Looms"},"content":{"rendered":"<p>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\u2019s volatility as a setback, he views the pullbacks as necessary groundwork for Bitcoin\u2019s evolution into a mainstream financial asset.<\/p>\n<p>Chung emphasized Bitcoin\u2019s 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 \u2014 a pattern he believes could strengthen moving forward.<\/p>\n<p>Meanwhile, Ethereum remains part of Presto\u2019s bullish outlook, with Chung maintaining confidence in ETH\u2019s valuation relative to Bitcoin as network upgrades continue to unfold.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/best-meme-coins-must-watch-picks-for-the-next-bull-run\/\" title=\"Best Meme Coins: Must-Watch Picks for the Next Bull Run\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/best-meme-coins-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Best Meme Coins: Must-Watch Picks for the Next Bull Run<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Recent market behavior appears to support Chung\u2019s narrative. Bitcoin\u2019s 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 \u2014 measured by Google search trends \u2014 lags.<\/p>\n<p>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.<\/p>\n<p><iframe loading=\"lazy\" title=\"$210K target for Bitcoin due to its 'digital gold' status: Presto's Chung\" src=\"https:\/\/www.youtube.com\/embed\/hNicQTNmSH0\" width=\"100%\" height=\"463\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite a rocky year for global markets, Presto\u2019s head of research, Peter Chung, remains unfazed about Bitcoin\u2019s long-term potential.<\/p>\n","protected":false},"author":3,"featured_media":114930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-155654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Institutional Demand Fuels Bitcoin Optimism as $210K Target Looms<\/title>\n<meta name=\"description\" content=\"Despite a rocky year for global markets, Presto\u2019s head of research, Peter Chung, remains unfazed about Bitcoin\u2019s long-term potential.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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