BTC Wires

Abra CEO Makes Bitcoin Predictions at $50,000

Bill Barhydt, the CEO of Abra can now be counted amongst the experts who have started making predictions about the price of Bitcoin.

An American technology news source named Inverse recently reported that Barhydt had predicted the price of Bitcoin to reach $50,000. However, as is usually the case with the predictions related to bitcoin, Barhydt did not
mention a specific time frame, even though his expectation of the price of bitcoin rising to $50,000 was quite specific. He also went on to mention that the investing rationale that we saw in December was definitely quite ambitious and that according to the indication of the prices, “we got way ahead of ourselves.”

Abra is now a leading service when we talk about cryptocurrency investors that focus on mobiles. Abra now also supports 25 different cryptocurrencies in addition to 50 different fiat currencies. They use a smart contract in order to offer trade services between distinct supported currencies. According to another news recently, Abra also added an all-new feature that enables all users to purchase bitcoin directly from the Master or Visa credit or debit purchases. This is a very beneficial new system that can facilitate the transactions of up to $20,000 from
practically anywhere in the world.

Regarding the prediction made by the CEO, this is not the first time an expert has claimed that BTC will, indeed, reach $50,000. Several cryptocurrency analysts before Barhydt have also made countless predictions of this level. The CEO of BitMEX exchange, Arthur Hayes was also questioned about his prediction for the price of Bitcoin. Hayes was quite taken aback by the question but said that by the end of this year, the world’s leading cryptocurrency would see $50,000. After a few weeks, he even stated, “Well, I think that something that goes up to $20,000 in one year can have a correction down to around $6,000… (we are) one positive regulatory decision away, maybe an ETF approved by the SEC, to climbing through $20,000 or even $50,000 by the end of the year.”

It is still debatable whether Bitcoin will really reach that number but what is indisputable is that cryptocurrency analysts and experts will continue with their predictions.