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Viewpoint: This round of Bitcoin bull run is more driven by institutions and long-term capital.
Presto Research analyst Min Jung pointed out that the rally was mainly driven by the accumulation of funds from companies such as Strategy, Metaplanet and Twenty One Capital, indicating that this round of bull market is more driven by institutional and long-term capital than retail speculation. Roshan Robert, CEO of CEX US, believes that Bitcoin's rise is the result of a combination of corporate reserve strategies, a surge in ETF inflows, macroeconomic uncertainty, and favorable regulatory signals. Presto Research maintains its Bitcoin price target of $210,000 for the end of 2025, which was released at the end of 2024.