Odaily Planet Daily reports that Bill Barhydt, founder and CEO of cryptocurrency asset management company Abra Global, predicts that the trading price of Bitcoin will range between $130,000 and $140,000 by mid-summer, based on macroeconomic analysis and rising global liquidity.
Bill Barhydt explains, "Bitcoin is a leveraged bet on tech stocks, and all of this is moving in a positive direction, while altcoins will become a leveraged bet on Bitcoin, similar to tech stocks in a liquidity-driven bull market. Assets like $SOL, $SUI, and APT are also gaining high Beta opportunities." However, Bill Barhydt is skeptical about meme coins and warns investors to proceed with caution. (Finbold)