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Bitcoin says at its highest level of $ 210,000 by the end of this year, says a new set of predictions by a prominent quantity commercial company. Presto, Peter Chung, conducted this comprehensive prediction in an interview with CNBC on April 28.
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Institutional funds and the global liquidity state in the upcoming expectations
the The goal of the upscale price It depends on increasing the purchase of large institutions of bitcoin and increasing the global cash flow. Chung feels that both of these factors will send bitcoin price above ever.
Chung explained in the interview that Bitcoin witnessed some difficult times, but the corrections were necessary steps towards prevailing acceptance. Bitcoin called a two -sided coin: It is “risk” assets during confident markets, but it becomes “digital gold” under financial pressure.
Bitcoin’s response to economic stress tests
As noticed, history revealed how Bitcoin It interacts during times of crisis. The war of Russia and Krin in 2022, the collapse of the Silicon Valley Bank in 2023, and the tension of the last market all puts Bitcoin as a risky investment or a safe haven for testing.
Although Bitcoin was not like gold amid the strain of the last market, Chung expects to “catch” and outperform the performance by the end of the year. Such responses to global crises are uncommon but interesting to detect the advanced role of Bitcoin in the financial system.
The MVRV ratio indicates a target of 210,000 dollars
The prediction of $ 210,000 is not a brutal guess. Chung discussed this goal for the first time last January, using a specific scale known as The market value of the achieved value (MVRV) ratio. The latter compares the current market value of Bitcoin to the average price of coins that have moved.
Presto estimated the value of the 2025 achieved bitcoin and used historical 3.5X complications to reach its goal. Financial analysts tend to use this percentage to determine the maximum market levels and potential transformation points.
Meanwhile, analysts attribute the increasing activity “Whales” Large encryption holders – as an indication of high market confidence. These big investors continue to buy bitcoin even at current prices. They believe that if this pace persists, BTC may rise higher than the current projection, up to $ 300,000 to $ 500,000.
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Other experts expect similar or higher prices
It is completely clear, not the only miracle of the bitcoin coin has reached Six numbers mark. Robert Keusaki, the famous author of the book “Rich Abi Faqir Abi”, expects to reach an encryption brand ranging from $ 180,000 to $ 200,000 in 2025.
When looking forward for a few years, Kiyosaki expected that Bitcoin will reach the Magic number million dollars in 2035.
Although these expectations indicate deep optimism in the encryption markets, it must be remembered that at the end of the day, the prices of cryptocurrencies are still declining under very volatile conditions, regardless of the importance of analyzes and trends.
Distinctive image from Unsplash, tradingvief chart
The post Bitcoin Could Soar To $210K This Year–Research Chief first appeared on Investorempires.com.
