Abra CEO Bill Barhydt said that he is confident in bitcoin and some time ago transferred half of his investment portfolio to BTC.
Bayrhaidt noted that bitcoin is now developing towards privacy, and this is very important for the future of the “digital world”. The limited issue of bitcoin also plays a role, especially against the background of the “printing presses” launched by the central banks of many countries.
In addition, the CEO of Abra noted that from the point of view of technical analysis, the current situation in the cryptocurrency market is similar to what it was before the previous bull cycle. Byrheidt wrote on the social network Twitter:
“A few weeks ago, I increased the volume of my bitcoins. Now I have 50% of my investment portfolio in BTC. I believe that bitcoin is now the best investment opportunity in the world. And three reasons point to this: fundamental factors, technical analysis, and market sentiment.”
In early October, the co-founder of Abra already spoke in support of bitcoin. Then he said that for the first time in five years, he is confident that the rate of the first cryptocurrency will soon grow. Given that the BTC exchange rate has increased significantly over the past week, Barkhaydt’s forecast turned out to be correct.