Bitcoin's Next 18 Months: 'Epic Run' Ahead, Abra CEO Predicts
Abra CEO Bill Barhydt believes there's room for another major leg higher for Bitcoin (BTC) in the next 18 months, despite its 40% gain in Q3.
Barhydt points to scarcity, improving market structure, and the liquidity cycle as reasons why he thinks an 'epic run' is ahead for BTC.
He notes that Bitcoin's guaranteed scarcity becomes increasingly valuable as governments continue expanding the money supply, and that this scarcity is a key factor driving the asset's value.
Barhydt also highlights that Bitcoin's gains tend to arrive in concentrated bursts rather than through steady appreciation, and that periods of consolidation do not necessarily undermine the broader trend.
While he remains bullish on select altcoins, particularly Layer-1 networks supporting DeFi, he warns that even major L1 tokens can suffer 90% drawdowns, and thus favors long-term exposure to blockchain infrastructure.