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This article is also available in Spanish.
Bitcoin can reach the highest level of USD 210,000 by the end of this year, says a fresh set of forecasts of a minted quantitative trading company. The head of research at Peter Chung made this broad forecast in an interview with CNBC on April 28.
Institutional money and global liquidity drive a stubborn perspective
. stubborn goal of the price It is based on increasing the gigantic institution of buying bitcoins and increasing global cash flows. Chung believes that both of these factors will send a Bitcoin price higher than ever before.
Bitcoin experienced hard times, but the corrections were necessary to progress in the direction of the mainstream acceptance, explained Chung in an interview. He called a bicon -sided Bitcoin coin: it is the asset of “risk” during self -confident, but it becomes “digital gold” under the influence of financial stress.
Bitcoin response to the tests of extreme economic conditions
As Chung noted, the story revealed how Bitcoin reacts during the crisis. The Russia-Ukraine War in 2022, the fall of the Silicon Valley Bank in 2023 and the last market voltage put Bitcoin as a risky investment or safe and sound marinade.
Although Bitcoin did not run up like gold among the latest market stress, Chung expects that he will “catch up” and exceeded by the end of the year. Such reactions to global crises are occasional, but intriguing to reveal the evolving role of Bitcoin in the financial system.
The MVRV indicator indicates $ 210,000 to the target
Forecasting worth USD 210,000 is not a wild guess. Chung discussed this goal for the first time in January last year, using a specific indicator known as Market value to the implemented value Ratio (MVRV). The latter compares the current market value of Bitcoins with the average price of moved coins.
Presto estimated the realized Bitcoin value at 2025 and used the historical multiple of 3.5x to achieve its goal. Financial analysts usually apply this indicator to identify market extremes and possible turning points.
Meanwhile, analysts attribute growing activity “Whales” – Enormous cryptocurrency owners – as a high market trust indicator. Such gigantic investors buy bitcoins even at existing prices. They think that if this pace is going on, BTC can go even higher than the current projection, reaching up to $ 300,000 to 500,000.
Other experts provide for similar or higher prices
Of course, it is not only presto that Bitcoin can really get to Six -digit mark. Robert Kiyosaki, the celebrated author of the book “Rich Dad Poor Dad”, also predicts that Krypto can reach a sign from USD 180,000 to USD 200,000 in 2025.
Looking to the future for a few more years, Kiyosaki predicted that Bitcoin would reach a magical number of $ 1 million in 2035.
Although these forecasts indicate deep optimism in cryptographic markets, it should be remembered that at the end of the day cryptocurrency prices are still in extremely unstable conditions, regardless of how significant analyzes and trends would be.
A distinguished picture from Unsplash, TradingView chart
