Bitcoin Will See $50,000 In The Long Term Says High Profile CEO
The CEO of Abra, Bill Barhydt is the latest crypto expert to speak out about the future price of Bitcoin. The long and short of his prediction is that Bitcoin will hit $50,000.00 and will remain at that point for a long stretch, though in his predictions he didn’t make it clear when this will happen… conveniently. Barhydt is well known for his bullish outlook and of course, it benefits him to be bullish as it only encourages people to use Abra, therefore speaking negatively about the markets may actually be quite damaging for his business. This prediction really does stand out too. Typically when an ‘expert’ makes a price prediction they will say something like ‘Bitcoin to hit $20,000.00 by the end of the year’. The prediction comes with a time frame but has no indication of what may happen after the predicted price is hit (this is because, realistically it’s impossible to predict). Bitcoin (BTC) is down 1.07% over the past 24 hours and is currently trading at $6,263.78 on Coinbase.