While altcoins are experiencing a decline led by Bitcoin, the difficult days continue. While BTC and altcoins continue to struggle with the decline, the long-term rise expectation also continues.
At this point, Abra Global CEO Bill Barhydt shared his price predictions for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and SUI in his latest analysis.
Stating that Bitcoin and altcoins will reach a new peak this year, Bill Barhydt said that he expects Bitcoin to rise to $350,000 in the base scenario.
The famous CEO predicted that, apart from Bitcoin, Ethereum could potentially reach $8,000, Solana could reach $900, and Sui could reach $25.
The famous CEO added that the upper limit is twice these estimates, and added that in this scenario, Bitcoin could rise to $700,000 and Ethereum could rise to $16,000.
Basing his analysis on expected changes in U.S. monetary policy, particularly lower interest rates that he believes will inject more cash into the economy, the famed CEO argued that the U.S. government’s approach to managing its national debt would likely increase liquidity through quantitative easing.
Barhydt said he believes lower interest rates will make borrowing more attractive and encourage investment in assets such as Bitcoin and cryptocurrencies.
“My base case scenario for the current crypto cycle is:
Bitcoin – $350,000 Ethereum – $8,000 Solana – $900 Sui – $25
The upper end of the range is approximately 2 times these values.
My model is simple. This administration wants interest rates much lower, and they will do whatever it takes to get there. They also need to refinance over $7 trillion in debt. Tax cuts are coming. Whatever way this all happens, there will be a huge liquidity injection.
Cyclic Valhalla is coming.”
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/famous-ceo-says-rise-is-inevitable-announces-bitcoin-ethereum-solana-and-sui-price-prediction-for-2025/