Abra CEO is one of the latest crypto experts who recently stated that the market could see Bitcoin test $50,000 over the long-term.
Abra CEO said,
Long-Term I See Bitcoin At Over $50,000.
However, Barhydt didn’t specify a time frame while making his prediction of a $50,000 Bitcoin more feasible. He also noted that the investing rationale seen in December was rather ambitious. These opinions and prediction do not come without value.
Recently, Abra has become a leading service for mobile-centric cryptocurrency investors. The crypto services firm decided to help adoption rates by offering accessible service and easy-to-use service. Abra now supports 50 fiat currencies and 25 cryptocurrencies by using smart contracts to offer trades between supported currencies.
Recently, Abra has added a new feature that allows the users to purchase Bitcoin via Visa or Master debit/credit purchases. This new system will facilitate transaction values ranging from $50 – $20,000 and from anywhere in the world. The unique features offered by Abra have become a main selling point for the app.
Barhydt told Inverse,
Abra’s growth in 2018 has been massive over last year.” He also added that his reach now extends to 75 countries, with its expansive customer base conducting “hundreds of millions of dollar worth of cryptocurrency exchanges this year.
However, that wasn’t the last time he would make this prediction. He doubled his prediction stating,
Well, I think that something that goes up to $20,000 in one year can have a correction down to around $6,000… (we are) one positive regulatory decision away, maybe an ETF approved by the SEC, to climbing through $20,000 or even $50,000 by the end of the year.
His prediction was quickly met with criticism by the community. Many Reddit users noted that the prediction held no value. It is unclear whether the forecast held by the experts will come to pass or not. One thing remains clear that many experts and analysts are still bullish on the price of Bitcoin.
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