Currently, Bitcoin is trading at approximately $94,135, reflecting an 8.47% increase over the past week, with significant trading volume driven by institutional investors.

Bitwise CEO Hunter Horsley noted that this recent surge in Bitcoin's price is largely attributed to institutional demand, with minimal participation from retail investors.

Chung described the recent price corrections in Bitcoin as healthy adjustments, comparing its behavior to gold amid macroeconomic uncertainties.

He believes these corrections have laid a solid foundation for Bitcoin's future growth, reinforcing its potential as a mainstream financial asset.

Despite Bitcoin's recent struggles, Chung is confident it could outperform traditional safe-haven assets like gold by the end of 2025.

Chung pointed out that Bitcoin tends to act as a safe-haven asset during periods of significant market doubt, such as the Russia-Ukraine conflict and the collapse of Silicon Valley Bank.

He also noted that accommodative monetary policies from central banks are creating a favorable environment for Bitcoin's rise.

In a recent interview with CNBC, Peter Chung, head of research at Presto, expressed optimism about Bitcoin's future, citing institutional adoption and global liquidity expansion as key drivers.

Analysts from Standard Chartered and Intellectia AI have predicted that institutional demand could potentially double Bitcoin's price within the year.

Chung believes that recent market corrections have positioned Bitcoin for a re-rating as a mainstream asset.

Current data indicates that corporate treasuries hold nearly $65 billion worth of Bitcoin, showcasing significant institutional interest.

Chung maintains a bullish price target for Bitcoin, predicting it could reach $210,000 by the end of 2025, driven by increased adoption from companies and countries.