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The founder and CEO of the cryptocurrency platform Abra, Bill Barhydt, stated that a significant increase in Bitcoin’s price requires the return of retail investors.
According to him, Bitcoin is more responsive to global liquidity than to political events. An influx of new capital into the market could drive the price to reach new highs.
Barhydt pointed out that one of the critical factors remains the situation regarding the U.S. national debt. This involves the need to refinance approximately $10 trillion, which suggests an expansion of the money supply.
“For me, this indicates further money issuance, and this factor is not yet fully reflected in Bitcoin’s price,” he stated.
Barhydt estimates that Bitcoin will trade in the range of $65,000 to $90,000 in the near future. A decline to around $55,000 could signal the formation of a market bottom.
He also highlighted the role of spot Bitcoin ETFs, which have provided access to corporate investors and increased capital inflow. However, he believes that a more substantial growth requires the return of retail participants.
Barhydt emphasized that the market still largely depends on retail investors, and their activity will determine the strength of the next bullish cycle.
Previously, analysts from Bitwise reported that corporate investors acquired 81,200 BTC in February—six times the volume of new issuance during the same period. This figure marked the highest level since October 2025.
