Bitcoin Is Heading To $85K

Bitcoin is trading around 79 thousand 7 hundred dollars after gaining roughly 20 percent in market value over the past week, and Abra CEO Bill Barhydt says the run is not over yet. Speaking with podcaster Scott Melker, Barhydt forecasted Bitcoin pushing to 85 thousand dollars before a leverage reset pulls it back toward the low 70 thousands, followed by a gradual climb into a range of 100 thousand to 110 thousand dollars. Barhydt also expects altcoins to start outperforming Bitcoin once the initial leverage-driven phase clears. His bigger thesis reaches well beyond price targets. Barhydt argues Bitcoin's real role in the coming decade will be as what he calls pristine collateral inside an artificial intelligence-driven financial system. As AI agents begin transacting autonomously across lending markets, perpetual futures, and machine-to-machine payments, Barhydt believes stablecoins will initially dominate the payment layer while Bitcoin gradually becomes the preferred reserve collateral sitting underneath those transactions. He also sees Ethereum remaining the preferred chain for institutional adoption and Solana winning consumer-facing applications due to its low fees and high performance. $BTC #Bitcoin #Crypto #AI 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.