The post Potential for Bitcoin to Reach $350,000 Amid Predicted Liquidity Injections, Says Abra CEO Bill Barhydt appeared on BitcoinEthereumNews.com.

Amidst speculative excitement, crypto enthusiasts spotlight Bill Barhydt’s bullish projections of Bitcoin hitting $700,000 by the end of the current cycle. These predictions come in tandem with anticipated liquidity injections under the new U.S. administration, which many believe will drive significant market movements. Barhydt stated, “Cyclical Valhalla is coming,” as he emphasizes the correlation between political actions and crypto market dynamism. Crypto analyst Bill Barhydt predicts Bitcoin may reach $700,000 amid expected liquidity injections in 2023, highlighting key altcoin targets as well. Barhydt: Crypto “liquidity injections” coming in Q1 Bill Barhydt, the founder and CEO of the digital asset management firm Abra, has made headlines with his bold prediction: Bitcoin (BTC) could soar to $700,000 this market cycle. His assertion depends heavily on the anticipated “massive liquidity injections” that he expects to commence in the first quarter of 2023, largely influenced by the direction of the U.S. government. In recent discourse, Barhydt revised his price forecasts, indicating that Bitcoin’s base case is now set at $350,000. He emphasizes that such projections are not isolated to Bitcoin; he has similarly high targets for leading altcoins like Ether (ETH) and Solana (SOL). Barhydt’s analysis implies that the new presidential administration’s fiscal policies, which may focus on lowering interest rates, will spur these liquidity injections. “The current administration is determined to lower interest rates and address over $7 trillion in debt,” Barhydt stated. His insights suggest this approach could lead to expanded quantitative easing (QE) strategies, ultimately benefiting both cryptocurrency and traditional risk assets. Further entrenching his perspective, Barhydt suggests that not only are we heading for a liquidity surge, but he also forecasted substantial price targets for major cryptocurrencies: ETH is projected to reach $8,000, while SOL could hit $900. He notes, “The high end of the range is approximately double these…

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Filed under: News - @ February 9, 2025 10:25 am