The Chief Executive of Crypto Exchange Abra believes that Bitcoin (BTC) and other digital assets from the top enormous price objectives can achieve this cycle for one important reason.
Bill Barhydt out That economic policy among US President Donald Trump can inject a huge amount of liquidity in the markets, which increases crypto assets into astronomical prices.
One of his issued “basic” price objectives for digital assets in the current cycle is that Bitcoin can rise by more than 259% of its current value. He also says that Ethereum (ETH) can increase the current value by more than 200%.
In the meantime, he says that Solana (SOL) can increase with at least 350% of its current value and that SUI (SUI) can increase the current value by more than 676%.
“My basicase for the current crypto cycle:
- Bitcoin: $ 350,000.
- Ethereum: $ 8,000.
- Solana: $ 900.
- Sui: $ 25.
The high -end of the range is ~ 2x these values. My model is simple. This administration wants the interest rates much lower and they will do what they have to do to achieve that. They also have to refinance more than $ 7 trillion of debts. Tax cuts are coming. All this corresponds to a massive liquidity injection, either via QE (quantitative relaxation) or on a different means. “
He believe That market liquidity will start to increase within the first quarter of this year.
Bitcoin acts for $ 97,449 at the time of writing, an increase of 1.7% in the last 24 hours. In the meantime, Ethereum acts for $ 2,662 at the time of writing, an increase of 1.5% in the day.
ETH -competent Solana acts for $ 200 at the time of writing, an increase of 1.3% in the last 24 hours, while Sol -Rival Sui is traded on the day of $ 3.22 for $ 3.22, an increase of 8.8% in the day.
In April 2024, Barhydt still issued a large crypto prospect when he said that the market capitalization of digital assets can increase to $ 50 trillion within ten years due to the tokenization of Real-World assets (RWAS).
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