A company that is changing the way the world mines bitcoin

BitcoinSistemi 2025-03-10 23:48:08

Renowned CEO Made an Extraordinary Statement After the Bitcoin Decline: “Fasten Your Seatbelts”

Bitcoin’s recent sharp decline has raised concerns among investors, but Abra CEO Bill Barhydt remains calm, comparing the correction to previous cycles in the cryptocurrency market. “You all are not changing at all,” Barhydt said. “Bitcoin is currently in its 11th correction of over 25% in a decade, and every time everyone reacts as if the apocalypse is coming. Every time everyone shouts that this time is different.” According to Barhydt, the current pullback mirrors market movements from 2017, when increased fiat liquidity led to significant asset price gains. He suggests that underlying macroeconomic conditions remain largely the same, suggesting that Bitcoin’s long-term trajectory is still on track. Related News: SEC Takes Action on Anti-Cryptocurrency Rule from Gary Gensler's Era, They're Changing It Barhydt outlined several key economic factors that he believes will drive future liquidity in financial markets, including Bitcoin: Lower Treasury yields to refinance debt. Lower mortgage rates to unlock residential and commercial real estate markets. Lower Treasury yields to support struggling banks. He also pointed to China’s economic struggles, saying the country is in a deep recession and is likely to benefit from lower U.S. interest rates, which could allow for more monetary easing. Barhydt predicts significant job losses in the coming months in the government, technology and housing sectors. However, he expects the Institute for Supply Management (ISM) index to rise during this period, suggesting continued economic activity. “All of this tells us that liquidity will continue to flow and markets will do what they always do in these types of cycles,” he explained, adding: “That liquidity will flow into stocks, into Bitcoin, into crypto, into real estate.” While Bitcoin’s sudden drop has alarmed many, Barhydt remains optimistic, arguing that the current downturn is a temporary pullback in a larger liquidity-driven growth cycle. “One more time… fasten your seat belts,” he said. *This is not investment advice. Continue Reading: Renowned CEO Made an Extraordinary Statement After the Bitcoin Decline: “Fasten Your Seatbelts”