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.
As Bitcoin continues to consolidate above $100K, a critical market signal is flashing: BTC funding rates remain elevated, even as price action cools.
Billionaire investor Ray Dalio, founder of Bridgewater Associates, has suggested that a balanced investment portfolio should include up to 15% allocation to gold or Bitcoin, though he remains personally more inclined toward the traditional asset.
With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?
Bitcoin has officially reached the $116,000 milestone, a level previously forecasted by crypto services firm Matrixport using its proprietary seasonal modeling.