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Cryptocurrency investment app Abra’s CEO predicted that “all hell will break loose” in Bitcoin and Altcoin markets this year.
In doing so, CEO Bill Barhydt continues a popular narrative that institutional investors ‘waiting’ for an opportune moment will transform Bitcoin and major altcoin price performance.
“I talk to hedge funds, high net worth individuals, even commodity speculators. They look at the volatility in the crypto markets and they see it as a huge opportunity,” Barhydt nonetheless reports adopting a conspicuously bullish tone.
“Once that happens, all hell will break loose. Once the floodgates are opened, they're opened."
Even cryptocurrency industry analysts have recently aired caution about short-term price prospects for Bitcoin.