Abra CEO Bitcoin Reaches Over $50,000 Over Long Term

The CEO of Abra recently stated that in the long run you will see a Bitcoin price of $50,000. Yesterday we published an article in which a well-known hedge fund manager also targeted the $50,000 mark for 2018 and thinks that if the Bitcoin ETF is approved on 10 August 2018, one could rise towards $70,000.

In the long run, I see Bitcoin trader at over $50,000

Inverse, an American technology news source, recently reported that https://www.onlinebetrug.net/en/bitcoin-trader/ Bill Barhydt, CEO of Abra, made a Bitcoin price forecast. However, unlike other price forecasts, Barhydt did not announce a timeframe, making his $50,000 Bitcoin expectation more feasible. Contrary to other bullish predictions, Barhydt noted that the investment projects in December were quite ambitious and that the prices that followed indicated that “we were way ahead of ourselves”.

The forecasts and opinions are not worthless as Abra has quickly become a leading service. The crypto service company hopes to increase adoption rates by offering an easy-to-use and accessible service for Fiat-to-Fiat, Fiat-to-Crypto and a pure crypto trade. Although these trading features may not sound spectacular, Abra now supports 25 crypto currencies and 50 fiat currencies, using smart contracts to offer trades between supported currencies.

$50,000 – Bitcoin code is accumulating

This was not the first time a crypto analyst has claimed that Bitcoin code will reach $50,000. Arthur Hayes, CEO of BitMEX, appeared in an interview with CNBC in early June and was asked about his forecast for the future price of the world’s leading crypto currency. He also estimated a value of $50,000, but that this mark will be reached in 2018.

A well-known crypto expert (who wants to remain anonymous) has requested a bet that by 2023 the Bitcoin will exceed the price of a Berkshire Hathaway share. He is betting $8.5 million if Bitcoin reaches around $280,000 by 2023.

At the moment, forecasts seem to be piling up in the direction of $50,000. If you look at the current market, it’s hard to imagine, of course, but as we know, Bitcoin only needs ten days to reach new highs. Probably the most important scenario for 2018 will be the SEC’s decision regarding the Bitcoin ETF. Why the Bitcoin ETF will probably be approved can be found in this article.

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