Predicted Bitcoin surge: A projected value of $200,000 for Bitcoin
Check Out U.TODAY's Latest Crypto Insights on Google News * ETH/BTC Rebound on the Horizon?* Presco's Bold Bitcoin Predictions
In a recent interview with CNBC's "Squawk Box Asia," Peter Chung, the big kahuna at Presto, spilled the beans on their crypto predictions for 2025. The quantitative trading firm stubbornly clings to its $210,000 Bitcoin price target, attributing it to robust institutional demand and a swelling wave of global liquidity.
This confidence comes hot on the heels of Bitcoin's surge above the $95,000 mark, which followed a series of massive exchange-traded fund (ETF) inflows last week.
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Chung charmingly dubbed the latest correction as healthy, likening Bitcoin's behavior to gold during extreme market turbulence triggered by tariff-induced macroeconomic uncertainty.
ETH/BTC Rebound on the Horizon?
Despite Ethereum's dramatic dive against Bitcoin, with the ratio now struggling at just 0.019, Presto's Peter Chung remains unfazed. He's still confident that the ETH/BTC ratio will bounce back, aiming for a ratio of 0.05[3]. This prediction is bolstered by Ethereum's network enhancements and community efforts to combat value leakage.
Presco's Bold Bitcoin Predictions
In its December report, Presco wasn't shy about making several wild guesses for 2025. Apart from the aforementioned $210,000 Bitcoin target, they also foresee Ethereum regaining ground against Bitcoin. Theirutopic vision for Solana involves a price rocketing to a whopping $1,000[3]. Lastly, they anticipate an S&P 500 company diving headfirst into Bitcoin as a treasury reserve asset.
With Bitcoin currently trading close to $93,000–$95,000[2][3], we might just see these predictions come to life. Remember, MicroStrategy's recent $1.42B Bitcoin purchase is a testament to institutional clout. So, strap in tight and keep your eyes peeled!
- Peter Chung, from Presto, expects the ETH/BTC ratio to rebound, aiming for a ratio of 0.05, despite Ethereum's current struggles against Bitcoin.
- In its December report, Presco predicts Ethereum will regain ground against Bitcoin in 2025, along with a potential Solana price reaching $1,000.
- Presto also forecasts an S&P 500 company adopting Bitcoin as a treasury reserve asset in the future.
- With Bitcoin currently trading near $93,000-$95,000, Presco's bold price predictions for Bitcoin, Ethereum, and Solana might become a reality.
- The recent $1.42B Bitcoin purchase by MicroStrategy demonstrates the growing institutional interest in Bitcoin.
- This growing institutional demand and global liquidity are factors contributing to Presco's high Bitcoin price prediction of $210,000 for 2025.
- As Bitcoin surges and altcoins like Solana's BONK skyrocket, the crypto market seems to be gearing up for a potential new bull run, perhaps even a 2025 rebound.
