Bill Barhydt, the founder and CEO of Abra Global, a crypto asset manager, has made a bold prediction for Bitcoin's future, projecting a rally of nearly 70% by the summer of 2025. According to Barhydt, Bitcoin could trade between $130,000 and $140,000 by mid-summer. This projection is based on macroeconomic analysis and the increasing global liquidity, which he believes will be a major driver for the next surge in crypto markets.

In an X post on April 10, Barhydt emphasized the close relationship between Bitcoin's price, the broader tech sector, and the global money supply. He suggests that as central banks inject liquidity into the system, risk assets like Bitcoin and tech stocks tend to rise. Barhydt views altcoins as leveraged plays on Bitcoin, mirroring tech equities in liquidity-driven bull cycles. As the money supply grows, investors are likely to flock to Bitcoin as a store of value and a high-yield opportunity. "Altcoins are going to be a levered bet on Bitcoin. Bitcoin is a levered bet on tech stocks, and all of it is going up into the right," Barhydt stated. "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."

Besides Bitcoin, Barhydt is also optimistic about layer-1 blockchain platforms like Solana (SOL), Sui (SUI), and Aptos (APT). He believes these assets offer high-beta opportunities that could outperform Bitcoin in the next rally. However, he advises caution regarding meme coins, suggesting they are likely to trend toward zero over time and should be considered purely speculative plays.

Data from CounterFlow indicates that the M2 money supply across the top 21 central banks is currently at $108 trillion, growing at a year-over-year rate of 3.79%, the fastest pace since 2022. Historically, Bitcoin's price has shown a strong correlation with expansions in global money supply. Periods of aggressive monetary easing, like 2020 to 2021, saw BTC experience massive gains, while major drawdowns often occurred during contractions or stagnation in M2 growth.

Echoing Barhydt's prediction, crypto trading expert TradingShot anticipates the influx of liquidity to potentially push Bitcoin as high as $150,000 by late 2025. 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.

Currently, Bitcoin is trading at $84,440, up 2.5% in the last 24 hours and 1.8% over the past week. The immediate focus is on reclaiming the $85,000 resistance zone, which could pave the way to the $90,000 level.