- Abra Global CEO Bill Barhydt is forecasting a ‘Cyclical Valhalla’ for crypto, with Bitcoin hitting $350k! 🤯
- Chris Burniske sees the current dip as a “mid-bull pullback,” not a market peak. 🙌
Despite Bitcoin [BTC] facing significant pressure, the market sentiment remains largely optimistic. 🤑 The flagship crypto has since rebounded, trading at $96,512.36 after a modest 0.53% gain. 💰
Bill Barhydt’s Bullish Bitcoin Prediction 🚀
Abra Global CEO Bill Barhydt is echoing the bullish outlook, forecasting a strong year for BTC and leading altcoins like Ethereum [ETH], Solana [SOL], and Ripple [XRP]. 🤑 He expects new all-time highs, with Bitcoin reaching $350k! 😱
“My base case for for current crypto cycle (NFA). Bitcoin – $350k. Ethereum – $8,000. Solana – $900. Sui – $25. High end of range is ~2x these values.” 💰
Barhydt believes the current U.S. administration’s focus on lowering interest rates and tax cuts will lead to a substantial liquidity boost. 💸 This could drive traders to accumulate more Bitcoin, fueling a bullish trend. 🚀
The Reason Behind Bitcoin’s Hike 💹
The growing influence of Spot Bitcoin ETFs, which have begun channeling substantial institutional capital into the crypto market, is a key driver behind Bitcoin’s potential surge. 💼 The approval of these investment products has provided a regulated gateway for large-scale investors, fueling greater market confidence. 🤑
Barhydt’s “Cyclical Valhalla” prediction suggests that bold investors stand to gain significantly from the market’s evolving dynamics. 💰 But he warns, “Don’t ape in based on my convictions. Figure out your conviction and act accordingly.” 🤔
What Lies Ahead for Bitcoin? 🔮
Chris Burniske, former Ark Invest crypto executive, views the market’s current state as a “mid-bull pullback” rather than a peak. 🤔 His perspective aligns with the broader sentiment that Bitcoin and leading altcoins still have room for significant growth. 🚀
“I don’t think this is a sign of cycle top, rather a mid-bull pullback that makes everyone question god. Feels a lot more like April, May, June of 2021 to me, where things fell 50-80% depending on the coin, many said it was over, top-callers gloated, and then we ripped in 2H ’21.” 🙌
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2025-02-10 12:10