Presto Research offers a positive outlook on leading crypto assets Bitcoin, Solana and Ethereum based on global liquidity expectations.
After a tumultuous year full of major milestones for crypto, several analysts are looking ahead to 2025 with great optimism. Among them is Presto Research. Peter Chung, Head of Research at Presto, recently shared insights into the company’s crypto market expectations for 2025.
Rising prices for Bitcoin, Solana and Ethereum?
The key question among crypto market participants heading into the new year was whether the market can maintain, and perhaps even build on, its 2024 momentum. To CNBC Squawk box On December 31, Peter Chung seemed to think so, pointing to the company’s most recent 2025 guidance report.
Bitcoin will rise to $210,000 in 2025, Chung claimed The Amazement at CNBC Moderator Martin Soong. He further added that the company expects this Solana to rise to the price of $1,000. At the same time he realized this Ethereum is likely to gain some ground against Bitcoin as the ETH/BTC ratio is expected to recover to 0.05 from around 0.036 currently.
Presto Research’s positive outlook for the crypto market in 2025 comes as the firm expects global liquidity conditions to remain favorable. Chung highlighted this in a conversation with Nicholas Ferres, CIO of Vantage Point Asset Management CNBC show.
He emphasized this anyway the restrictive leadership of the Federal Reserve Although fewer rate cuts than expected are forecast in December 2024, the focus remains on quantitative easing.
At the same time, he argued that even if the Federal Reserve for some reason…
