🔴 Opinion: Rising Global Liquidity May Push #$BTC to $130-140K by Mid-Summer
Abra Global founder and CEO Bill Barhydt says that based on macroeconomic analysis and rising global liquidity, he expects Bitcoin to trade between $130,000 and $140,000 by mid-summer.
Bill Barhydt explained, "Bitcoin is a leveraged bet on tech stocks, and all of that is moving in a positive direction, while altcoins will become a leveraged bet on Bitcoin, which is exactly like tech stocks in a liquidity-driven bull market cycle. L1 assets such as $SOL, SUI, and APT are also gaining high Beta opportunities." However, Bill Barhydt is skeptical of Meme coins and warns investors to be cautious.