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Institutional adoption, liquidity expansion, and Bitcoin’s dual role as risk asset and digital gold are key drivers toward the $210K target.
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Despite 2024 volatility, analysts believe the market is setting up for a major Bitcoin re-rating as global liquidity and safe-haven demand grow.
Bitcoin’s road to $210,000 by the end of 2025 is still very much in play, according to Peter Chung, head of research at Presto. This is actually not surprising given that back in 2023, Crypto News Flash (CNF) recorded that Bitcoin Cash bulls held strong above $210.
In a recent interview with CNBC on April 28, available on the YouTube platform, Chung emphasized that although 2024 hasn’t exactly been smooth sailing, the recent market corrections are not setbacks—they’re actually laying the groundwork for Bitcoin to grow stronger. Peter Chung suggested that:
In hindsight, I think it was a healthy correction which has paved the way for the further re-rating of Bitcoin as a mainstream asset.
While macroeconomic headwinds have challenged crypto markets, Chung believes institutional adoption and a global wave of liquidity expansion remain the two unstoppable forces pushing Bitcoin toward that ambitious $210K target.
Bitcoin: Risk Asset or Digital Gold?
As previously shared by CNF, Dorsey says Bitcoin needs broader use as digital gold wasn’t enough. Chung painted Bitcoin as a hybrid creature — both a “risk-on” asset thriving on adoption and network effects, and a “digital gold” during periods of financial instability.
Chung even pointed to past crises, like the 2022 Russia-Ukraine conflict and the 2023 Silicon Valley Bank collapse, when Bitcoin’s safe-haven traits shined.
Bitcoin Price Today and Market Outlook
According to recent reports, despite short-term volatility, Bitcoin’s resilience mirrors broader optimism in the crypto market. While Ethereum (ETH) holds around $3,150 today, other major assets like Solana (SOL) and XRP are also ticking higher.
As for Bitcoin, OnChain College went on more explicitly predicting: if Bitcoin reaches the Delta Top this cycle, as it is currently at $210K, the Delta Top would be higher than $210K at that point.
Will Bitcoin reach the Delta Top this cycle?
Delta Top is currently at $210K but if price were to reach this level, Delta top would be higher than $210K at that point. pic.twitter.com/tZY4dQ64Ve
— On-Chain College (@OnChainCollege) April 28, 2025
With central banks rushing into gold and liquidity conditions loosening, the environment seems increasingly fertile for Bitcoin to make its next major push toward Chung’s bold $210K forecast.
At the time of writing, Bitcoin (BTC) is trading around $94,893, according to CoinMarketCap data, reflecting a 7.53% increase in the past week. See BTC price chart below.
