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COINOTAG News reported on April 28th that Peter Chung, the Research Director at Presto, a leading quantitative trading firm, has reiterated his bullish outlook on Bitcoin. He forecasts that Bitcoin could reach $210,000 by the end of 2025, attributing this optimistic stance to the expansion of global liquidity. Chung emphasized that while the current market conditions have not been favorable, especially amid macroeconomic fluctuations, the recent market dip may actually strengthen Bitcoin’s position. He referred to this pullback as a “healthy correction”, suggesting it has established a more robust groundwork for Bitcoin’s evolution into a mainstream financial asset. According to Chung, the market’s responsiveness allows for a necessary repricing of Bitcoin, enhancing its legitimacy and chance for broader acceptance in the financial ecosystem.
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