Bitcoin could potentially hit $210,000 by 2025, according to Peter Chung, the head of research at Presto. In an interview with CNBC on April 28, Chung attributed this projected surge to the increasing adoption of Bitcoin by both companies and countries, coupled with a surge in global liquidity. He noted that the recent market correction has positioned Bitcoin for a re-rating as a mainstream asset.
In 2024, the cryptocurrency landscape saw a mix of performances. While some meme coins saw significant gains, others, particularly those backed by venture capital, struggled due to concerns about inflation and high prices. The rise of Real World Assets (RWAs) has also been notable, with blockchain technology increasingly linking traditional finance to digital assets. Presto’s research team had predicted many of these trends, including the growing prominence of Bitcoin and the rise of decentralized exchanges (DEXs).
Looking ahead to 2025, Presto has laid out 15 bold predictions. In addition to Bitcoin potentially soaring to $210,000, the entire crypto market could expand to a staggering $7.5 trillion. Ethereum is expected to experience a resurgence, thanks to improvements in user experience, while Solana could reach $1,000 driven by its fast-growing network. DEXs are projected to capture 20% of the spot trading market, continuing their expansion into territory traditionally dominated by centralized exchanges.
Presto also speculates that either an S&P 500 company or even a country might officially integrate Bitcoin into their financial strategies. This would mark a significant step toward Bitcoin’s mainstream adoption. Peter Chung further explained that Bitcoin behaves like two assets in one. It is a “risky” asset in favorable economic conditions, but during periods of global uncertainty, it can act as “digital gold,” offering a safer haven for investors. He highlighted that such moments occur only when doubts arise about the stability of the US dollar-dominated financial system.
Currently, Bitcoin is trading at $94,135, showing an 8.47% increase over the last week, with a significant surge in trading volume, rising by 72% today alone.
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