Bitcoin's historic peak: "A strong comeback"

Bitcoin broke a new record yesterday by surpassing the 110 thousand dollar level. This rise of Bitcoin, which is the locomotive of the crypto market, was supported by the increasing interest of institutional investors.

Crypto analytics firm Presto Research has announced that it has maintained its $210,000 price target for the end of the year. Earlier today, Bitcoin surpassed its previous all-time high to over $110K. This rise was supported by institutional capital inflows and a number of positive factors.

Presto Research analyst Min Jung stated, "The purchases made by companies like Strategy, Metaplanet, and Twenty One Capital are behind Bitcoin surpassing the $110,000 level." Jung emphasized that this rally is driven by long-term institutional capital rather than the speculations of individual investors, unlike previous bull markets.

Min Jung stated that the current rally is still in its early stages, saying, "We see this rise as an early phase of a fundamental transformation in how institutions value Bitcoin."

Roshan Robert, CEO of OKX US, stated that the recent rally was fueled not only by institutional reserve strategies, but also by increased ETF inflows, macroeconomic uncertainty, and positive regulatory signals. "All of this, combined with the inherent scarcity of Bitcoin, creates the perfect backdrop for a strong comeback," Robert said.

Published: May 22, 2025 12:17