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1976: Quantitative Trading Firm Forecasts Bitcoin Will Reach $210,000 THIS Year
00:35:50
Peter Chung, head of research at quantitative trading firm Presto, has repeated his prediction that Bitcoin will reach $210,000 by the end of 2025.
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JV
Welcome Bitty Fam to number one daily bitcoin pod. In today's show we breaking down the latest bitcoin technical analysis as well as the latest breaking news. Brazil's largest bank to fund a new microstrategy copycat. That's right. They're going to be buying 210 million worth of Bitcoin just to start. And this is the first Latin American company dedicated to the bitty. Bring it. Also breaking news. Three and a half billion dollar coal mining company buys 42 million worth of Bitcoin as bitty spreads like wildfire. We'll also be discussing Coinbase launch a yield bearing bitcoin fund for the institutions institutional FOMO like a Movo supply shock in play. Also crypto ETPs hit the third largest inflows on record at $3.4 billion. Also strategy just added an additional 15,355 Bitcoin for a $1.42 billion purchase. As Bitcoin price maintains above 90 GS and also strategy is synthetically having bitcoin according to a individual author and analyst name Adam Livingston. Interesting theory. I'll be breaking that down for you. We'll also be discussing Bitcoin could hit 210000 this year. That's right. According to this top analyst at this firm. This has never been shared before so I'm excited to share it. It's right in alignment with the power law model. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good Crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net again that's crypto news alerts.net today is pod episode number 1976. I'm your host JV. It's April 28, 2025. A lot of bullishness in the market. So let's kick it off with our market watch as we do each and every day. You can see coin360 pulled up on your screen pre little bitty correcting just a little bit with a divine ome in down 11 on the day. You know I love those 11s rocking the 100k which is a 10 on your screen. That's a sexy bitty blackjack baby. We also have ether correcting XRP and BNB and sui. Break it out. And in the green and checking out coinmarketcamp.com the current crypto market cap currently sits at a staggering $2.94 trillion of the Bitcoin market. Cap 1.862 trillion. We got roughly 87 billion worth of volume for the past 24 hours, meaning it's up 45 on the day. And the bitcoin dominance is coming in on the rip at 63.4% eth, dominant at 7.2%. And as Aerosmith once said, get a grip. Now checking out top 100 crypto gainers of the past 24 hours. We got deep leading the pack up 21. That's a sexy bitty blackjack virtuals protocol. Up 21 as well in Monero up 15%. That's right, one of the top privacy projects there has been pretty quiet though I should say for the past couple of cycles. Looking to make a next move. We also have the pudgy little penguins doing its thing. But which alts if any broski's are you bullish on for the bull Holla. And checking out the crypto bubbles, we get a visual perspective on the day and as you can clearly see on your screen, it's pretty divided. 5050 red over green. And zooming out a little. We take a look at a weekly. This is a good sign. Virtually everything in the green. And zooming out on the monthly. Hey Now I'd say 8085 of the market in the green. Not too shabby, eh? And checking out the crypto greed and fear index. Today we're 54 neutral, yesterday at 61, last week at 39 and last month at 26 in fear. And checking out the infamous time chain Calendar we have 155676 blocks into the having of 2028 and we're currently on block number 894324 and as of today you can exchange one fiat monopoly dollar for 1064 SATS. Pick up the sats, put down the gats, pick up bitcoin caps from a man sergio over@bitcoincast.net but next story of the day, do a little astrology for the broskis. A little TA headline here reads Bitcoin setting up for the break to the all time high as capital flows into the biddy ramp up according to the on chain analyst himself Willy Woo. And also pull up some of the live charts here shortly. Veteran bitty analyst Willy Woo, the OG himself says the pretty little bit is setting up for a potential break of the new highs amid the growing capital flows. Posted on X who shared with his 1.1 million followers another divine omen 1.1 million in play that the fundamentals have turned bullish for the biddy and its current structure is not a bad setup for a breakout to new all time highs. That's right. Quoting them here. Capital flows into the network are ramping up. Both total and speculative flows have bottom when both align they join forces and the force is strong to make a bullish environment anchored in the fundamentals and as outlined here in this chart showing you the bitcoin network flows the near term Woo says there's a high chance of more sideways price action before the bitty gains the strength for the next leg up noting that his volume weighted average price indicator is relatively high. We refer to this as the V W W W JB Mess them up indicator. It shows the average price of an asset over the period of time but waited for trading volume. Quoting them again but short term onchain the VWAP WAP WAP is at a 3 standard deviation meaning it'll be hard to move upwards with a momentum due to the overextension. However, sideways action or in the most bullish case a slow grind upwards is the order of the day. Super size that mofo Bitcoin is setting up for another parabolic break to all time highs if the capital flow trend continues it's a solid long term setup. All dips are for buying under the present regime in the very short term there are good chances of dip. Let me know if you agree or disagree with Willy Woo. And another massive breaking news. Brazil's largest bank Itau to fund a new microstrategy copycat called Orange Angels in the Orange Angels in the cold storage. It's all in the orange. Just saying. Shout out Chandy10 they will buy 210 million in Bitcoin just to start. This is the first Latin American company dedicated to the biddy. So another bitcoin acquisition company and we just got the big news that Jack Mahler is going to be the CEO of another bitcoin acquisition company backed by Tether and Howard Lutnick's company Cantor Fitzgerald. The name of that one's 21. So the game theory continues. Bitty Broskis also more bullishness. Three and a half billion coal mining company ARPL buys 42 million worth of Bitcoin. Nothing to see here but the pretty little bitty spreading like a moth. Freaking wildfire to say the least. And we don't need no water. Let the wildfire burn. Burn wildfire burn. Just saying. But there you have it. Big news in the market show and I promise to Pull up some of the live charts. Let's do it up. Doing it big. Check it out here. In the one hour chart brought to you via trading view via Coinbase. We do have some corrective candles obviously in play. We're currently just above 93,700 at the time of the live stream. And zooming out from there we'll get a broader perspective. Checking out the four hour and as you can see, rising wedge formation overall but big corrective red, two red candles in the past eight hours. So as of this morning, little correction but it's all good in the hood. Also bear scenario 862 according to the 4 hour and are working our way backwards. We'll check out the daily. We did have seven green consecutive daily closes and of course yesterday was a big weekly close. We'll pull up that chart next. But on the daily we have a bull scenario, a target sitting just shy of 112 which would introduce us back to price discovery which was last seen January 20, Inauguration Day when we tapped the current all time a 1093 bear scenario on the radar just shy of 69G's baby. And zooming out a little further from there we take a look at the pre little weekly candle chart. Sexy cup and handle in target in play. Big green candle formed for the past week and in fact for the past three weeks we have printed green bullish weekly candle closes as we have regained our momentum. It's going up forever, Laura. And zooming out from there we take a quick look at a monthly and the monthly says dun dun, dun. God bless the nipinator. And yeah, big green candle foreman. Not the biggest one we've seen. November is the biggest green candle we have ever had. However, a pretty sizable candle being formed. I believe there's only three days left for the month and yeah, likely to close here. Bullish. As we continue the bullish momentum here in the second quarter of 2025. And also I remind you it is literally one year after the having of April, April of 2024. Typically, history has shown us 12 to 18 months preceding every having. Since the very first having of 2012 Bitcoin reaches the cycle peak. Will that happen this time around? You guys let me know. Let's dive into some bullishness, discuss this bitcoin yield product from Coinbase. They're about to launch this fund for the institutions offering 4 to 8% returns. Another way for them to produce income off of the biddy. That's right, Coinbase, the world's largest exchange in the United States of America. Said they're aiming to offer Bitcoin exposure for institutional investors outside of the U.S. the fund targets an annual net return of 48 on the Bitcoin holdings. That beats the like 1% they offer for the savings yield account at your local bank, doesn't it? Just saying. Quoting them here to address the growing institutional demand for the bitcoin yield, Coinbase Asset Management is excited to introduce the Coinbase Bitcoin Yield Fund. The fund is backed by multiple investors including Aspen Digital, the digital asset manager based in Abu Dhabi regulated by the Financial Services Regulatory Authority. It's official we come in like a missile in this piece. The yield will be generated through that cash and carry strategy. When I grew up we used to have a supermarket called Cash and Carry. Ironic enough, but anyways through the difference between the spot bitcoin prices and derivatives. And unlike the ether the salon on the rest of the coinery, Bitcoin holders can generate passive income through the staking. That's right, the Gap fund is aiming to fill. According to the announcement, Bitcoin yield funds have emerged to address the limitation, but these funds generally require institutional allocators to take on significant investment in operational risk. No risk, no reward. The new fund seeks to lower the investment and operational risk typically associated with the bitcoin yield products, which Coinbase says will better align with the risk appetite of the institutional investors. Maybe this will help continue to usher in the institutional fomo like a mofo. Coinbase cited growing institutional crypto adoption as the reason behind the launch of the funds, which may have been the reason behind Bitcoin significant price recovery over the past week. Bitcoin rose from the dead like Jesus rose Lazarus. I was just saying more than 9% of the week leading up to April 28th bolstering the ETF inflows which we'll dive into deeper later. Over 3 billion worth the volume for the institutions quoting Ryan Lee no relation to Bruce Lee, but the Bitget Research chief analyst Retail interest may surge Shout out to the crypto surge if bitcoin breaks the coveted 100k level fueled by the media hype and the FOMO monitor 94.95 resistance for the potential retail re engagement. I got my eyes on the biddy and meanwhile Arthur Hayes just blaze predicted this might be the last chance final call for alcohol Broskis to buy the video below the honey K as the incoming U S Treasury buyback signal the next significant catalyst for the pre low bitty going up forever. Laura, if you don't know now you know. Broskis again welcome to the last show what to do NEXT STORY 3.4 billion worth of volume for the ETP is were so back. That's right, ETFs are massive inflows ETPs bounced back with their third largest inflows recorded last week. Global crypto ETPs which are exchange traded products aka ETFs posted 3.4 billion of inflows the trading week April 21st to the 25th, marking the highest level since December of 2024. Inflows were just 13 below the all time high of 3.85 billion seen in the trading week December 2nd to the 6th of 2024. Renewed investment interest into the crypto ETPs came as the bitty broke above 90,000 last week for the first time since briefly retesting that price mark back in March. That's right, Bitcoin was the primary winner amongst crypto ETPs last week as investors poured in 3.18 billion into the Bitcoin ETFs. The fresh inflows covered all the previous outflows seen since the beginning of April with the year to date inflows extending to 3 point billion. Meanwhile, crypto ETP's assets under management have reached a whopping 132 billion while total assets under management surged to a whopping $151.6 billion. And apparently Solana is the big loser. Not surprised there. Be careful with that coiner E. Broskis. The fresh crypto ETP flows were distributed across all major issuers including the United States and Europe. And of course Black Rocks ETF saw the largest inflow last week at one and a half billion with Arkin Fidel following at 621 million and 574 million respectively. Now the reason for the spike Member spike from Tom and Jerry. He was the dog I miss. Spike Nibinator does too. The latest inflows mark a notable trend reversal for the crypto ETPs as the majority of the issuers are seeing massive year to date inflows from the previous week following a series of outflows in 2025. James Butterfield says the new inflows likely came from concerns over the tariff impact on corporate earnings as well as the notable weakening of that US US dollar fueling demand for the safe haven assets. The inflows also came as the gold prices saw a noticeable decline after breaking out, hitting a new all time high of 3,500per troy ounce. Peter Schiffmeister was doing backflips in his sleep just off of that news, but it's already corrected some and Trust me, bitcoin is going to outpace gold for this year. So don't get too excited, Mr. Shiftmeister. Next story of the day. Yo, here we go. Michael Sailor announced the 1.4 billion dollar buy and we anticipated it. He posted the infamous Sailor tracker yesterday. We called it. So, yeah, they just added 15, 355 Bitcoin for 1.42 billion as the price surge above 90, 000. Here's the official tweet both posted by his company Strategy as well as the giga chat himself. Strategy acquired 15,355 bitcoin for 1.42 billion and 92, $737 per bitty and has achieved a bitcoin yield of 13.7% year to date for 2025. And as of 4:27, 2025 we HODL 555,555 biddy acquired for 37.9 billion. This episode is brought to you by Selectquote Life insurance can have a huge impact on our family's future with Selectquote Getting covered with the right policy for you is simple and affordable. Selectquote's licensed insurance agents will tailor your experience to find a life insurance policy for your needs needs in as little as 15 minutes. And select quote partners with carriers that provide policies for many conditions. Select Quote they shop, you save. Go to selectquote.com Spotify Pod today to get started. Insane, right? At an average dollar cost average of $68,459. So I mean there's only one gig at chat that's pretty massive. 555,000 bitcoin one company and his goal is to own 10 of the supply and I think he's more than halfway there, yo, which probably be like a million bitcoin. Ish. But yeah. Strategy added to its massive bitcoin stash and continues to stack the biddy now 535555 bitcoin worth more than 50 billion. Strategies latest buys the largest purchase since late March when it bagged 22000 Bitcoin for almost 2 billion at an average price of 87, 000. And you know he loves buying that dick. He's going to be buying it forever. And announcing the purchase, Sailor said the firm achieved the bitcoin yield of 13.7%. Not too shabby. Shout out Mikey Strategies Bitcoin yield is an indicator representing the percentage change of the ratio between the bitcoin holdings and the assumed diluted shares amounting to 74 in 2024. Another divine omen for my numerology specialists out there. Anytime you see a 7 and a 4, that's an 11. Just saying. The company expects to reach a bitcoin yield target of 15 this year in 2025. Let me know if you think they'll be successful. Strategies Bitcoin purchase came that bitco significant bullish action for the last week surging 8% from around 87. In fact we bounced from 84 to nearly 94. Bring it in the period between April 21st to the 27th. Bitcoin traded at 95 at the time of the writing. Slightly above the price on January 1, but still lower than the all time high. In fact 1093 was achieved all the way on Inauguration Day January 20th. But they put 21st. I'll accept it. Blackjack baby. As strategy beefed up the bitcoin stash alongside the biddy rally, Sailor continued to post the bullish messages to the community on social media quoting them right here. You can still buy the biddy for less than 0.1 million. That's a fact, Jack. He also says stay humble stack sets which we all know short for satoshis. He linked the message to the screenshot of strategy portfolio tracker reflecting the company's biddy purchase for the timeline of the price chart. And that's why we knew knew a big announcement was coming down the pipeline. Today the news comes the strategy is engine towards 100 billion market cap. They're also looking to become the largest bitcoin bank in the world with MicroStrategy shares surging roughly 23 year to date trading at $368 at the time this article was published. Let me know if you're bullish on MicroStrategy in the Giga chat Holly. And again. Welcome everyone. Join the live stream JV here. Live it in the flesh. Blood on the hands, blood on the streets. I got blood on the biddy. Don't come sniffing. Okay, now we got some bars. I'm bullish on the as what for the GME bought long options. Yo, where's Gamestop at? Are they gonna purchase the bitcoin? They raised like 1.5 billion, something like that. They allegedly were sitting on 4 billion. That gives them five and a half billion. What are they doing? Are they waiting for a dip or what? Gamestop, talk to me. Who cares about a roaring kitty. Boring kitty. Not me. I'm for the Bitty. I'm for the Nipinator. I'm for Nipsy. Not for that weirdo kit cat. Kitty Kitty cat. Stacking the set. Stack the sets. We gotta bring that one back. Next up, this is interesting from an analyst saying strategy is synthetically having the bitcoin. I haven't even read it yet, but I'm about to dive into it for you guys. It just seemed like an interesting headline. Max chimed in and he wrote synthetically having bitcoin. Oh my, my God. Now I've seen it. Now that I've seen it, I can't unsee it. So we might as well break this baby down, see what this is all about. Again. Welcome everyone joining the live stream tri stream. So yeah sailor, Strategy is synthetically having the biddy by purchasing half or more the newly minted supply from the miners every single month. According to Adam Livingston, a bitcoin analyst and the author of the Bitcoin Age and the Great Harvest. Livingston said the miners are currently producing around 450 bitcoin per day, or approximately 13,500 bitty per month. But strategy acquired 379800 bitcoin in the last six months. Can you say supply shock? This translates to the firm purchasing roughly 2087 bitcoin every single day, far in excess for the of the daily minor output. They also added when bitcoin becomes this scarce, access to bitcoin will require paying a premium. Lending against the biddy will cost more. Borrowing against the video will become a luxury business reserved for the nation states in the corporate whales. And Strategy will control the bottleneck. He also says Bitcoin's global cost of capital will no longer be set by the market. It'll be set by the gravitational policies of the first bitcoin superpower, Strategy. The author's prediction of the supply bitty crunch translates into the much higher bitcoin prices if Strategy can continue its pace of bitcoin acquisitions while the market demand for this black app digital asset grows amongst the institutional and retail investors. And if you don't know, now you know. Cipher punk and Blockstream CEO Mr. Adam B predict this strategy and other institutions that have adopted the bitcoin corporate treasury plan will drive the market cap of Bitcoin to 200 trillion. In fact, that was our feature story on yesterday's pot. If you missed it, this episode is brought to you by Shopify. Upgrade your business with Shopify, home of the number one checkout on the planet. Shop pay boosts conversions up to 50%, meaning fewer carts going abandoned and more sales going cha ching. So if you're into growing your business, get a commerce platform that's ready to sell wherever your customers are visit shopify.com to upgrade your selling today. You know what to do. Quoting him here. Strategy and other treasury companies are an arbitrage of the dislocation between the bitcoin future and today's fiat world. Critics of the company warned that the debt based approach to the B acquisition could sink strategy financially if a prolonged bitty bear market takes effect and also warns of a greater systemic risk of the biddy from such a high concentration of the digital currency held by a single entity. However, Bitcoin advocate and author Saividian Amos, author of the Bitcoin Standard says strategies concentration and laser eye focus of the biddy doesn't threaten the protocol. AMAS argued that institutions like BlackRock and Strategy hold high concentration of the biddy could not engineer a hard fork increasing the bitcoin maximum supply as it would massively devalue their holdings which at the end of the day belong to the shareholders with the passengers power to divest so I'm going to repeat Max again synthetically having bitcoin. Oh my God. Now that I have seen it I can't unsee it. So I agree with Max and Cyber day an amus. I don't think Michael Saylor having a bitcoin acquisition company or having the largest bitcoin bank as a deterrent. In fact he works for us now. Michael, if you're watching, as much as I respect you, please go home and get your shine box. How many of you got the front run strategy meaning you adopted Bitcoin prior to the first publicly traded company listing it on the balance sheet back in 2020? If you're in that camp let me know because he's been pumping our bags. He's going to continue to pump the pre low bit. He's never selling and we all know it's going up forever. Lori if you don't know now you know. Shout out everyone on the live stream now for our feature story of the day. Bitcoin likely to hit 210000 this year in 2025, says Presto research head. That's right. And this is in alignment with the Bitcoin power law model I believe we covered in yesterday's podcast. Also projecting 200000 by the fourth quarter of 2025, potentially by July, which is right around the Kona. That's right. Mr. Peter Chung, head of research of quantitative trading firm Presto has repeated his bitty prediction that Bitcoin will reach 210000 per coin by the end of this year. Year in 2025. Let me know if you agree to disagree with the analyst. So yeah, on cnbc, Chung cited the institutional adoption, the global liquidity expansion as the primary drivers behind his long term bullish outlook. That's why I love Bitcoin. Long term is like six months. How cool is that? The analyst acknowledged that market conditions this year haven't been as expected, specifically the challenging of the macroeconomic environment and the market reaction. However, he described the recent corrections as a healthy adjusted, suggesting they laid the stronger foundation for the bitcoin progression towards the becoming of the mainstream financial asset. Quoting them here from CNBC in hindsight I think it was actually a healthy correction which has paved the way for the further reacting of the Bitcoin as a mainstream asset. In fact, there's this clip right here and in the show notes below the video in the description on Rumble and YouTube I always include the resources I'm getting the news from. I never just make up up the news. If you haven't figured it out and you've never actually watched the live stream, maybe you only listen to the podcast version which is the audio, but everything is obviously found from wherever. But this particular story comes from CNBC squawk box and it was posted here and I have the links in the description and it says here Quantitative trading firm Presto predicts the bitcoin price can hit 210000 this year. It's a two and a half minute clip clip of Peter Chung making his prediction. No relation to Chung Lee from Street Fighter Broskis, but hey anyways I was always more of a Ryu kind of guy anyways how do you can Chung also discussed Bitcoin's dual nature, describing it both as a risk on asset and digital gold. That's right, it's a double edged sword. That's right, he said. The Bitcoin typically behaves like a risk asset driven by the user adoption and the network of X. However, during periods of financial stability or instability such as the 2022 outbreak of the the Russia Ukraine conflict of the 2023 Silicon Valley banking collapse, Bitcoin attempts to act as a safe haven asset similar to gold. These movements are rare, Chung explained. They only happen. They only happen when the market has doubts about the stability of the US dollar denominated financial system. When in doubt, stack the pre low biddy. Why it's going up forever Laura and while Bitcoin has lagged behind the goal during the recent market turbulence, I repeat turbulence. Chung suggested the biddy could catch up and potentially outperform traditional safe Haven assets by the year's end. You damn straight. I second that. Let me know if you agree. Chung also reaffirmed reaffirmed Presto's target for Ether, maintaining its valuation model based on the Ether to Bitcoin ratio, reflecting confidence in Ethereum's ongoing network improvements. Here's what's interesting. Ethereum achieved the current all time high of roughly 4, 500 back in November of 2021 four years ago and currently it's like 1700. It's not even half what it once was, which is pretty wild. And Bitcoin has clearly been outpacing Ethereum. If you look at the Bitcoin Ether charts, I mean it explains what's really happening. So I don't think ETH will likely outpace Bitcoin. Bitcoin's been outpacing Eth and likely will continue to outpace Eth Ethereum. Since Ethereum switched this protocol, a lot of people lost trust. Yeah, I mean also considering it's centralized, also considering it has an infinite supply, they can just continue to print it out of thin air. No different than the US dollar. And now the crypto folks are recognizing this. So expect Bitcoin to continue to outpace Ether and expect the Bitcoin dominance to continue to outpace the Ether dominance, which is the trajectory we've been trending. Just pointing out the obvious Broskis and echoing Chung's views, Bit Y CEO Hunter Horsley said in a recent post the Bitcoin surge to 94,000 has occurred with minimal retail participation, noting Google searches for the Bitcoin remain near long term lows which would explain why the traffic is so down on my YouTube channel. I just can't explain it. Finally an explanation. Anyways, according to Horsley and I wonder if his last name is Horsley because in a past life he was once a horse like Mr. Ed or something. I don't know horses of horse. Of course, of course the current rally is being driven by the institutional clearly financial advisors, corporations, nations, the black rock and even the nation states. The type of investors buying the biddy is expanding. Quoting horsely right here. Bitcoin in 94 yet Google searches for the biddy near the long term lows. This haven't been retail driven. Institutional advisors, corporates and nations have come in into the space. The type of the investors buying the bitcoin is expanding. And that's right, it's not coming from retail. Previous cycle it was all about retail. This cycle is all about the institutions, all about the sovereign wealth funds. It's all about the nation state adoption. It's all about bitcoin for the Treasury, Bitcoin for the enemies. Bitcoin for the Kennedys. That's right Bitcoin's over a Hennessy Bitcoin bitcoin Bitcoin because it goes the doing the doing doing simple corporate bitcoin Treasures right hold nearly 65 billion another sexy 11 omen 6 +5 is an 1165 billion worth of video according to the Bitcoin Treasuries.net and April 22nd analyst from Standard Chartered primary shareholder to the Standard Chartered bank is none other than BlackRock largest asset management giant in the world currently controlling 11 trillion with assets under management. They said the institutional bitcoin demand from the ETF and the traders taking a hedge against macroeconomic risk could cause a video price more than double this year and I've had way too much caffeine today. But I digress. Let me know if you agree Disagree with the analyst. 210,000 in play. Yay Nay holl at your boy and welcome to the Q A segment of the live stream. And happy 11111111 people on the stream. It don't get no more lit than that. I'm going to strike the gong. We're going to celebrate a sexy little doing doin and if you don't know now you know. We did most of the stream glitch free. It was a little choppy in the beginning but we got through. We had faith. Keep hope alive. There we go. 1111 11. You always got to outdo me sweet bitty McGee. I'm going to hit you with the 11111111 and don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in our live Q A. And I look forward to seeing you on tomorrow's episode Hodl.