Two Crypto Experts Provide Contentious Perspective About The Future Of Crypto

Things are happening very fast in the crypto community. New tariffs imposed by The USA, technological advancement, and other macroeconomic developments have kept the community on edge. As a result, there are mixed sentiments in the industry. In a recent press release, the CEO of Abra, Bill Barhydt, made an audacious prediction. According to Bill, BTC and ETH could reach newer heights. 

As per Abra’s CEO, Bill Barhydt’s prediction, BTC and ETH could rise to $700,000 in the current cycle. The crypto expert took to his social media to explain his stance. He stated that Donald Trump’s new outlook on the industry could provide massive liquidity injection into the market. In other words, Trump’s effort might catapult crypto to newer heights with his crypto-friendly stance. 

Effects Of New Regime 

Bill Barhydt strongly believes the new Trump administration might benefit the industry. The all-new administration body is currently looking to lower overall interest rates and make an effort to refinance $7 trillion in US debt. This can increase the overall money flow to another level.  

Baryhydt also believes that there might be major scale tax cuts and other fiscal steps that can boost overall liquidity. This will help not just BTC but also other coins like ETH, XRP, Solana, etc. Therefore, according to Baryhydt, the overall scale of the market and prices of tokens will increase at a rapid rate.  

The Flipside 

While Baryhydt believes that a major bull market is approaching, some experts deny it. Arthur Hayes, ex-CEO of BitMEX, shares a different opinion. As per the veteran, the market’s future is uncertain. Hayes partially agrees with Baryhydt when he says the Trump administration has the potential for liquidity injections. However, Hayes believes the crypto community will not benefit immediately.  

Conversely, Hayes believes there will be a major downturn in the market before any signs of a boom manifest. In other words, investors should be ready to see sharper and more aggressive dips before the market stabilizes and a bullish tendency comes into play. Hayes believes that BTC might slump to $70,000 or $75,000 before it quill recover itself.  

Therefore, there are two contentious thoughts about the overall future of the crypto market as a whole. As a result, it will be interesting to see what unfurls next. Follow for more crypto news.