Bitcoin price may see new highs this year, according to recent forecasts by Peter Chung, Head of Research at quantitative trading firm Presto. 

On April 28, during an interview with CNBC, Presto’s Head of Research, Peter Chung, projected that Bitcoin could surge to $210,000. He pointed to growing institutional adoption and expanding global liquidity as primary drivers behind this bullish outlook. 

Although Bitcoin has experienced periods of turbulence, Chung emphasized that these corrections were necessary steps toward the crypto’s broader recognition as a mainstream financial asset.

Liquidity Expansion and Institutional Adoption Impacting Bitcoin Price

Furthermore, he described Bitcoin as possessing a dual character: operating as a “risk-on” asset during periods of market confidence and transforming into a “digital gold” amid financial instability.

Notably, historical events such as the Russia-Ukraine conflict in 2022, the Silicon Valley Bank collapse in 2023, and recent market stress tests have demonstrated Bitcoin’s nature as a risk-on asset, but Chung noted that these reactions are usually rare. 

He mentioned that while Bitcoin initially lagged behind traditional safe assets like gold during recent upheavals, it still holds the capacity to “catch up” and outperform by year-end, based on emerging patterns.

MVRV Ratio Methodology for Bitcoin Price Prediction

Notably, Chung had previously set the same price expectation in January, citing confidence in sustained global liquidity expansion. Notably, the $210,000 Bitcoin target was rooted in a detailed analysis of the Market Value to Realized Value (MVRV) ratio. 

This metric, which evaluates the difference between Bitcoin’s current market price and the average price of moved coins, is commonly used to identify market extremes. Chung revealed that Presto calculated Bitcoin’s realized value for 2025 and applied a historical 3.5x multiple to estimate the target. 

Other Analysts Forecasting $200K and Above

Presto Research is not alone in its bullish outlook. Robert Kiyosaki, well-known for authoring Rich Dad Poor Dad, also anticipates Bitcoin to reach between $180,000 and $200,000 in 2025. Kiyosaki, a consistent advocate of Bitcoin as a hedge against inflation, has further projected a $1 million target for Bitcoin by 2035.

Meanwhile, Michaël van de Poppe, Chief Investment Officer and Founder of MN Consultancy, observed that whale activity within Bitcoin markets has been increasing.

Whales, large holders of Bitcoin, continue to accumulate even at current price levels. Van de Poppe interpreted this behavior as a reflection of strong market confidence. He suggested that, if momentum continues, Bitcoin could potentially climb toward $300,000 to $500,000, well beyond Presto’s and Kiyosaki’s target.