Abra’s chief executive believes Bitcoin is a good investment.BTCThis cycle, the price of cryptocurrencies (mostly bitcoins) may reach huge targets for a single reason.
Bill Barhydt says The economic policies of US President Donald Trump could inject huge amounts of liquidity in the market, causing cryptocurrency assets to rise to astronomical values.
His issued “base case” In the current market cycle, Bitcoin’s value could rise by over 259%. The author also claims that Ethereum will (ETHThe value of a ) can increase more than 2000% from the current price.
He says Solana is (SOLIt is possible that the value of a Sui will increase at least 350% from what it currently stands.SUIThe value of a ) could increase by as much as 676%.
The current cryptocycle is my base case:
- Bitcoin: $350,000.
- Ethereum: $8,000.
- Solana: $900.
- Sui: $25.
The range of values is between 2x and 2x. The model I use is very simple. The administration will do anything to lower interest rates. The government also needs to refinance debts of over $7 trillion. Tax reductions are on the way. “All of this is a massive injection of liquidity whether through QE (quantitative-easing) or another means.”
You can also find out more about the following: believes Market liquidity is expected to increase in the first quarter this year.
Bitcoin has risen by 1.7% to $97,449 as of the time this article was written. Ethereum trades for $2.662 as of the time of this writing. This is up 1.5% from yesterday.
SOL’s rival Sui, which is a competitor of ETH, is currently trading at $3.22 and is up 8.8% in 24 hours.
Barhydt is scheduled to open in April 2024. issued Another big crypto forecast was when he stated that the market capitalization for digital assets could increase by $50 trillion in a decade, due to tokenization of Real-World Assets (RWAs).
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