Opinion: Rising global liquidity may push BTC to $130,000-140,000 by mid-summer
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report: Crypto asset management company Abra Global's founder and CEO Bill Barhydt said that based on macroeconomic analysis and rising global liquidity, he expects Bitcoin trading prices to be between $130,000 and $140,000 by mid-summer. Bill Barhydt explained: "Bitcoin is a leveraged bet on tech stocks, and all of these are moving in a positive direction, while Altcoins will become a leveraged bet on Bitcoin, similar to tech stocks in a liquidity-driven bull market cycle, with Layer 1 assets like SOL, SUI, and APT also offering high Beta opportunities." However, Bill Barhydt is skeptical about MEME coins and warns investors to be cautious. (Finbold)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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