Barhydt Sees Bitcoin Rising to $100,000 Amidst AI-Driven Orchestration

Abra CEO Bill Barhydt sees Bitcoin retesting $85,000 in the near term and unwinding leverage back to the low $70,000s. This would be followed by a 'methodical march' to $100,000.

According to Barhydt, AI capability only compounds forward, and crypto will end up as an orchestration layer under it. He believes Bitcoin's most important role is as collateral rather than an investment.

The Abra CEO credits Treasury policy for the recent move in Bitcoin's price, citing Bessent's yield-curve flattening via short-dated funding of long-end buybacks, with the dollar index down about 2% as his liquidity proxy.