Bitcoin Could Hit $700,000 This Cycle With ‘Massive Liquidity Injection,’ Says Abra CEO
In a post on X on Feb. 8, Bill Barhydt, founder and CEO of crypto asset manager Abra, said that Bitcoin (BTC) could reach a staggering $700,000 this cycle, driven by a massive surge in market liquidity.
Liquidity and Quantitative Easing Could Boost Bitcoin
Barhydt, a crypto industry veteran, stated that his baseline forecast for BTC is $350,000, but believes that a more optimistic scenario could take the price to $700,000. In his predictions, he also pointed out that Ether (ETH) could reach $8,000 and Solana (SOL) could reach $900, with even greater upside potential.
The executive attributes this projection to the new US government administration under Donald Trump, which, according to him, will seek lower interest rates and adopt measures to boost the economy. Among these measures are tax cuts and the need to refinance more than US$7 trillion in debt, which would result in a large injection of liquidity into the market through quantitative easing (QE).
> “This administration wants much lower interest rates and will do whatever it takes to achieve that. Valhalla is coming.” – Bill Barhydt
Could Bitcoin suffer a 25% correction before rising?
Despite the optimistic forecasts, the market remains in a consolidation phase at the beginning of the Trump administration. Some analyses indicate that BTC may face corrections of up to 25% before resuming its upward trajectory.
Meanwhile, large global companies have already set targets above US$200,000 for Bitcoin, with even higher expectations for the coming decades.
Additionally, B3 (Bolsa de Valores do Brasil) confirmed the launch of Bitcoin options and Ethereum and Solana futures for 2025, signaling progress in the institutionalization of cryptocurrencies in the country.
