Abra Global CEO Bill Barhydt shared the views of Bitcoin and leading subcoins on the price forecasts on the X platform. Barhydt predicts that Bitcoin (BTC), Ethereum (ETH), Solana (left) and SUI will reach new summits this year. Barhydt’s estimates are based on how the US government will manage monetary policies and the possibility of lowering interest rates. Stating that such policies can inject more cash to the market, CEO stressed that this could lead to a strong rise in the crypto currency market. Here are the Bitcoin estimated and expectations of the famous name for others…
Bitcoin was delighted: 350 thousand dollars! Ethereum may rise to 8 thousand dollars
According to Barhydt, it is possible for Bitcoin to rise from current price levels to 350,000 dollars. For Ethereum, it made a price estimation of $ 8,000. Stating that these estimates are not based on speculation, Barhydt said that the US government and the Central Bank of the UK Central Bank take into account the impact of interest policies on the markets.
The decrease in interest rates provides more cash flow to the economy by reducing credit costs. Traditionally, such liquidity increase can lead investors to Bitcoin and other subcoins. On the other hand, the US government has trillion -dollar debt and can resort to methods such as monetary expansion (QE) to manage these debts. Barhydt states that these processes will increase the liquidity in the markets and trigger investors to turn to Bitcoin.
Expectations for solana and water
In addition to Bitcoin and Ethereum, solana (left) and water can also take their share of this rise. Barhydt predicts that Solana can rise up to $ 900. This figure is an ambitious expectation that has previously exceeded the estimation of $ 520 by Vaneck. Barhydt, who also predicted the rise for water, said that this crypto currency can reach $ 25 with Bitcoin correlation. He also pointed out that Solana and SUI can support the rise of rapid trading capacity and defi and the increasing rates of adoption in the game sectors. Barhydt added that these estimates offer an increase potential of approximately 200 %and that the time period it envisages is quite aggressive.
Main catalysts of growth: Bitcoin ETF and Tax Duties
Bitcoin ETFs may play a key role in the rise of BTC price, according to Barhydt. As a matter of fact, the increase in institutional interest in Bitcoin Spot ETFs in the USA causes a large amount of capital entry into the market. The US CPI data announced last month after the ETFs reportedly $ 755 million input. In addition, Barhydt, Trump administration’s tax deductions can also provide additional liquidity to the markets, he said. CEO, who described this tendency as “cyclical valhalla ,, argued that brave investors could make significant gains in this period.
