Abra Cryptocurrency Services App CEO Predicts Bitcoin To Be $50,000 Long Term
There have been plenty of opinions and predictions about the value and future price of Bitcoin. The latest of these opinions has come from Abra CEO, Bill Barhydt. This crypto expert recently made a notable price prediction that Bitcoin will be soon worth $50,000. This figure is more feasible as compared to several other bullish predictions that have been ambitious at best.
This new Bitcoin prediction comes from Abra, a company that is fast becoming the best tool for supporting mobile-centric crypto investment. This firm plans on improving the bitcoin adoption rates through providing a straightforward and convenient service that will support trades across crypto and fiat currencies. Currently, Abra supports 50 standard fiat currencies and 25 cryptocurrencies, along with smart contracts that allow for trading across all supported currencies.
In the most recent update to its platform, Abra introduced a convenient feature that gave users the ability to buy Bitcoin through credit or debit card purchases. Users will now be able to transact using their Mastercard and visa credit cards for any transactions anywhere between $50 and $20,000. Additionally, with all its unique features, Abra now serves clients in over 75 countries and allows millions worth of crypto exchanges.
Bill Barhydt is not the first cryptocurrency expert that has suggested the imminent rise of Bitcoin. The BitMEX exchange CEO, Arthur Hayes, had a similar quote on his recent CNBC appearance in June. When questioned about his forecast on the leading cryptocurrency in the world, Arthur jokingly stated that Bitcoin may likely reach $50,000 before the end of the year. He would later double down on that prediction and said that the cryptocurrency could rise significantly with just a single positive regulation decision, like the SEC approving an ETF.
Arthur’s prediction was met with criticism across the crypto sector, with many players noting that there was no real value to the prediction. Some Reddit users joked about the crazy price speculations that surrounds Bitcoin. While it is not certain whether these forecasts will occur, it is very promising that most cryptography experts expect Bitcoin prices to remain bullish.