Abra CEO Unveils Massive ‘Base Case’ Price Targets for Bitcoin, Ethereum, Solana and Sui
The chief executive of crypto exchange Abra believes Bitcoin ( BTC ) and other top digital assets may hit massive price targets this cycle for one main reason.
Bill Barhydt says that economic policies under US President Donald Trump may inject a huge amount of liquidity into the markets causing crypto assets to soar to astronomical prices.
Among his issued “base case” price targets for digital assets in the current cycle is that Bitcoin may increase by more than 259% from its current value. He also says that Ethereum ( ETH ) may increase by more than 200% from its current value.
Meanwhile, he says Solana ( SOL ) may increase by at least 350% from its current value and Sui ( SUI ) may increase by more than 676% from its current value.
“My base case for for current crypto cycle:
- Bitcoin: $350,000.
- Ethereum: $8,000.
- Solana: $900.
- Sui: $25.
The high end of range is ~2x these values. My model is simple. This administration wants interest rates much lower and they’ll do whatever they have to to achieve that. They also need to refinance over $7 trillion in debt. Tax cuts are coming. All of this equates to a massive liquidity injection whether via QE (quantitative easing) or some other means.”
He believes that market liquidity will start increasing within the first quarter of this year.
Bitcoin is trading for $97,449 at time of writing, up 1.7% in the last 24 hours. Meanwhile, Ethereum is trading for $2,662 at time of writing, up 1.5% on the day.
ETH competitor Solana is trading for $200 at time of writing, up 1.3% in the last 24 hours, while SOL rival Sui is trading for $3.22 at time of writing, up 8.8% on the day.
In April of 2024, Barhydt issued another big crypto outlook when he said the digital asset market capitalization has the potential to increase to $50 trillion within a decade due to the tokenization of real-world assets (RWAs).
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Corporate Crypto Eye $330B—Analysts Say Qubetics, Ethereum, and Injective Are Top Cryptos to Buy This Month
With $330B in corporate crypto demand forecasted, Qubetics, Ethereum, and Injective are standing out. Learn why analysts see Qubetics' $16.7M presale as a top crypto presale and how its cross-border utility redefines real-world blockchain adoption.Cross-Border Simplicity: How Qubetics Is Quietly Disrupting Global TransactionsEthereum Approaches Spectra Upgrade Amid Signs of Imminent VolatilityInjective Gathers Steam with Technical Surge and Bullish OutlookConclusion—And These Are the Top Cryptos to Buy Thi
Is This the Perfect Dip? BTFD’s $0.0002 Entry Eyes 8,900% ROI as Cheems Slips, Sudeng Climbs—Best New Meme Coins for Significant Returns
Explore the best new meme coins for significant returns as BTFD eyes 8,900% ROI, Cheems slips, and Sudeng climbs. Find out what’s next for these trending tokens.BTFD Coin’s Referral Program Fuels Bullish FrenzySudeng Climbs Amid Renewed BuzzThe Bottom Line
OBOLUSDT now launched for futures trading and trading bots
Tron Inches Closer to Overtaking Ethereum in Tether Dominance as $1B USDT is Minted
The competition between Ethereum and Tron for dominance in the stablecoin market is intensifying again. According to Arkham Intelligence, Tether, the world’s largest stablecoin issuer, minted an additional $1 billion USDT on the Tron network on May 5.
Trending news
MoreCrypto prices
More
