🔴View: Rising global liquidity may drive #BTC to $130,000-140,000 in mid-summer
Bill Barhydt, founder and CEO of crypto asset manager Abra Global, said that based on macroeconomic analysis and rising global liquidity, Bitcoin trading price is expected 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 this is moving in a positive direction, and altcoins will become a leveraged bet on Bitcoin, which is exactly the same as tech stocks in the liquid-driven bull cycle, with L1 assets such as SOL, SUI and APT also gaining high beta value opportunities." However, Bill Barhydt is skeptical about Meme coins and warns investors to be cautious.