Bitcoin could soar to $210,000 in 2025, according to Peter Chung, the head of research at Presto.
During an interview with CNBC on April 28, Chung said the reason for the big move will be more companies and even some countries jumping into Bitcoin, plus a lot more money floating around in the world. He explained, “This correction has actually paved the way for Bitcoin’s future re-rating as a mainstream asset.”
In 2024, the crypto world had a bit of everything. Some coins, especially funny meme coins, did great. Meanwhile, coins that had big backers like venture capital firms didn’t do so much because people worried about inflation and prices being too high.
Real World Assets (RWAs) also started gaining steam, connecting regular finance with blockchain tech. Presto’s team had called a lot of these moves ahead of time, including Bitcoin becoming more important and decentralized exchanges (DEXs) getting bigger.
Looking ahead to 2025, Presto laid out 15 big predictions. Besides Bitcoin shooting up, they think the whole crypto market could grow to a crazy $7.5 trillion. They also believe Ethereum will bounce back, with a better experience for users pushing it higher.
Solana could even hit $1,000 thanks to its fast and growing network. DEXs are expected to keep eating into the space that used to belong to big centralized exchanges, grabbing 20% of the spot trading market.
Presto also thinks a major company from the S&P 500 or even a country could officially add Bitcoin to their financial plans. That would be a major milestone for crypto going mainstream.
Peter Chung also explained that Bitcoin acts like two things at once. It’s a “risky” asset when times are good, but when there are global problems, Bitcoin can act like “digital gold,” a safer place for people to put their money. He mentioned, “These moments are rare… only when the market has doubts about the stability of the US dollar-dominated financial system.”
Right now, Bitcoin is trading $94,135. After gaining 8.47% over the last 7 days with a 72% surge in trading volume recorded today alone.
Also Read: Standard Chartered says time to buy Bitcoin puts $120K Target
