Bill Barhydt, CEO of Abra Asset Management Company, predicts that Bitcoin will reach $700,000 and Ethereum will reach $16,000 in this cycle. He believes massive cash injections will be the main factor driving this price growth. Barhydt expects a ‘golden period for cryptocurrencies’ to start in the first quarter of the year. He explains the baseline scenario for Bitcoin at $350,000, for Ethereum at $8,000, and for Solana at $900. Barhydt emphasizes that if prices reach the upper range of this range, they may double. The main reason for this growth is the new government policies under Donald Trump. Barhydt stated that the Trump administration intends to reduce interest rates and will take necessary actions to do so. The government needs to finance over $7 trillion in debt and tax cuts are on the way, leading to a massive cash injection likely through quantitative easing (QE) or other methods. In the new year, cryptocurrency prices are stabilizing with the start of the Trump presidency. However, global giants have set targets like $200,000 or more for Bitcoin in the next decade. Nonetheless, some analysts initially expect a decrease in Bitcoin prices. Arthur Hayes, former CEO of BitMEX, warned that the new government does not guarantee crypto market growth. He believes that over time, the global community will realize that US policies have not fundamentally changed. Hayes predicted that before any growth, Bitcoin’s price may initially drop back to the $70,000 to $75,000 range.
