According to online reports, according to Cointelegraph, Peter Chung, head of research at quantitative trading firm Presto, reiterated his prediction that Bitcoin will rise to US$210,000 by the end of 2025. Chung said that and the expansion of global liquidity are the main drivers of his long-term bullish stance on Bitcoin. Chung also admitted that this year's market environment was not as ideal as expected, especially the challenges of the macroeconomic situation and the market's reaction. However, he described the recent market correction as a healthy correction and believed it laid a more solid foundation for Bitcoin to move into mainstream financial assets. Looking back, I think this was actually a healthy correction that paved the way for bitcoin to be further re-priced as a mainstream asset, he said.