Bill Barhydt, founder and CEO of Abra Global, a crypto asset manager, is projecting that Bitcoin (BTC) will likely rally by nearly 70% by summer 2025.
Barhydt’s prediction that Bitcoin will trade between $130,000 and $140,000 by mid-summary is rooted in macroeconomic analysis and rising global liquidity, which he views as a major catalyst for the next leg up in crypto markets.
In an X post on April 10, Barhydt stated that Bitcoin’s price is closely tied to the broader tech sector and, more importantly, to the global money supply.
As central banks inject liquidity into the system, risk assets like Bitcoin and tech stocks tend to rise. Barhydt sees altcoins as leveraged plays on Bitcoin, which mirrors tech equities in liquidity-driven bull cycles. Generally, as money supply grows, investors flock to Bitcoin as a store of value and high-yield opportunity.
“Altcoins are going to be a levered bet on Bitcoin. Bitcoin is is a levered bet on tech stocks, and all of it is going up into the right. We’re seeing a very significant increase in global money supply back to where we were end of December and beyond. And that tells me that we should be at new highs for Bitcoin. New highs by midsummer at the latest, probably something in the $130,000 to $140,000 range,” he said.
Alongside Bitcoin, the expert is particularly bullish on layer-1 blockchain platforms like Solana (SOL), Sui (SUI), and Aptos (APT). In his view, these assets offer high-beta opportunities that may surpass Bitcoin’s performance in the next rally.
Conversely, Barhydt expressed skepticism of meme coins, warning investors to approach them cautiously. He maintained that such assets are likely to trend toward zero over time and should be treated solely as speculative plays.
Impact of M2 money supply on Bitcoin’s price
According to data from CounterFlow, the M2 money supply across the top 21 central banks currently sits at $108 trillion, growing at a year-over-year rate of 3.79%, its fastest pace since 2022.
Historically, Bitcoin’s price has strongly correlated with expansions in global money supply. During periods of aggressive monetary easing, such as in 2020 to 2021, BTC posted massive gains. Conversely, major drawdowns have often occurred during contractions or stagnation in M2 growth.
Aligning with Barhydt’s prediction, Finbold reported that prominent crypto trading expert TradingShot expects the influx of liquidity to push Bitcoin as high as $150,000 by late 2025.
Meanwhile, cryptocurrency analyst Lofty noted in an April 11 X post that the “Golden Bull Run” begins April 14, as the Global Liquidity Index turns bullish for the first time since 2021. He forecasts that Bitcoin could eventually hit $350,000.
Bitcoin price analysis
As of press time, Bitcoin is trading at $84,440, up 2.5% in the last 24 hours and 1.8% over the past week.
The key focus now is to reclaim the $85,000 resistance zone, which could open the path to clinching the $90,000 level next.
Featured image via Shutterstock
