Bitcoin and Ethereum Set for Significant Price Gains as U.S. Monetary Policies Shift

Abra Global CEO Bill Barhydt has shared his optimistic outlook for Bitcoin and other leading cryptocurrencies in a recent post.

He foresees Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP reaching new all-time highs, driven largely by government monetary policies and anticipated interest rate reductions.

Barhydt’s projections are grounded in the belief that a shift in U.S. monetary policy will direct more capital into the economy, sparking growth across various sectors, including crypto.

He forecasts Bitcoin’s price could rise from its current level of around $96,500 to as high as $350,000. Similarly, Ethereum could surge to $8,000.

These predictions hinge on the U.S. government’s efforts to address its massive national debt, possibly through strategies like Quantitative Easing (QE) or other economic measures that increase liquidity.

Lower interest rates would make borrowing cheaper, encouraging further investments in assets like cryptocurrencies.

Barhydt suggests this influx of liquidity could lead traders to pour more funds into Bitcoin, driving its price upward.