- Bill Barhydt predicts crypto gains from liquidity boosts and tax cuts.
- Chris Burniske considers the current dip a ‘mid-bull pullback,’ not a peak.
Despite Bitcoin (BTC) facing pressure during the tariff war, briefly dropping to $92,000, market sentiment is optimistic. The flagship cryptocurrency has rebounded, trading at $96,512.36 after a 0.53% gain in the past 24 hours (CoinMarketCap).
Bill Barhydt’s Bitcoin prediction
In a recent post on X (formerly Twitter), Abra Global CEO Bill Barhydt shared a bullish outlook echoed by many analysts. He forecasts a strong year for BTC and leading altcoins like Ethereum (ETH), Solana (SOL), and Ripple (XRP), predicting new all-time highs.
Barhydt states,
> “My base case for the current crypto cycle (NFA). Bitcoin – $350k. Ethereum – $8,000. Solana – $900. Sui – $25. High end of range is ~2x these values.”
He highlights that the current U.S. administration aims to significantly lower interest rates, taking necessary measures to achieve this goal.
Grounds of Barhydt’s prediction
With over $7 trillion in debt to refinance and potential tax cuts, the government’s financial strategies could result in a substantial liquidity boost. Additionally, both the U.S. government and the Bank of England are adopting policies that inject more capital into the economy, making borrowing cheaper and increasing market participation.
Historically, such conditions encourage investors to expand their portfolios, with cryptocurrencies often benefiting from the influx of capital. Barhydt believes this wave of liquidity—via Quantitative Easing (QE) or other financial tools—could motivate traders to accumulate more Bitcoin, potentially triggering a bullish trend.
The reason behind Bitcoin’s hike
A key driver behind Bitcoin’s potential surge is the rising influence of Spot Bitcoin ETFs, channeling substantial institutional capital into the crypto market. The approval of these products provides a regulated gateway for large investors, boosting market confidence.
Last month, the release of U.S. CPI data resulted in a $755 million inflow into Bitcoin ETFs, highlighting how monetary policies and inflation trends directly impact crypto investments.
Barhydt also pointed out that proposed tax cuts by the Trump administration could enhance this liquidity surge, coining it “Cyclical Valhalla”—a period where bold investors could significantly benefit from the market’s dynamics.
He added,
> “Cyclical Valhalla is coming. Those with brass balls will be rewarded accordingly. Don’t ape in based on my convictions. Figure out your conviction and act accordingly.”
What lies ahead for Bitcoin?
Chris Burniske, former Ark Invest crypto executive and current VC partner at Placeholder, perceives the current market state as a “mid-bull pullback” rather than a peak. His viewpoint reflects broader sentiment indicating that Bitcoin and leading altcoins still have room for considerable growth.
Burniske summarized it well:
> “I don’t think this is a sign of cycle top, rather a mid-bull pullback that makes everyone question god. Feels a lot more like April, May, June of 2021 to me, where things fell 50-80% depending on the coin, many said it was over, top-callers gloated, and then we ripped in 2H ’21.”
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