Peter Chung Reaffirms $210,000 Bitcoin Price Target; Cartel Fi and Institutional Demand Drive Bullish Crypto Outlook

Peter Chung, head of research at quantitative trading firm Presto, has doubled down on his bullish Bitcoin price prediction, forecasting a surge to $210,000 within 12 months—a potential 120% gain from current levels. This outlook hinges on several key factors: increased institutional adoption of Bitcoin, its growing reputation as ’digital gold,’ and expectations of rising global liquidity. Chung highlights that institutional buying and large-scale ’whale’ accumulation are robust signals of market confidence. The price target is derived from the Market Value to Realized Value (MVRV) ratio, applying a historical 3.5x multiple to projected future realized values. Additional sentiment comes from figures like Robert Kiyosaki, who forecasts a potential $180,000–$200,000 for Bitcoin within 2025, and even estimates up to $1 million by 2035. The growing optimism extends to smaller projects, notably meme coin Cartel Fi (CartelFi), which has attracted $1.2 million in presale investment. Cartel Fi stands out as a DeFi project that aims to convert idle meme coins into yield-generating assets through its staking platform, employing deflationary tokenomics that make it accessible to retail investors. The article also notes that broader macroeconomic trends—such as expectations for additional U.S. Federal Reserve rate cuts—could further boost risk-on assets like Cartel Fi and other altcoins in 2025. While the outlook is positive, the cryptocurrency market’s high volatility persists, and traders are reminded to conduct their own research. Overall, this news may energize bullish sentiment and fuel both speculative and strategic positioning across the crypto market.