Crypto Exec Predicts Bitcoin’s Recovery as Drop Mirrors 2017 Crash
Bill Barhydt, CEO of crypto firm Abra, downplayed concerns about Bitcoin’s recent downturn, calling it the 11th 25%+ correction in the past decade.
He compared the current pullback to previous cycles, including the 2017 crash, attributing the market volatility to rising fiat liquidity and economic policies under the new U.S. administration. Barhydt also highlighted China’s recession and predicted massive layoffs across sectors. Despite the turbulence, he believes financial liquidity will continue driving asset markets, including Bitcoin, and advised investors to brace for volatility, saying, “Buckle up.”
Clever Robot News Desk 12th March 2025
