1. Home
  2. Bitcoin
  3. Abra CEO Predicts Crypto Rally After End of Strong Dollar, Says Digital Asset Banks To Take Over TradFi
Abra CEO Predicts Crypto Rally After End of Strong Dollar, Says Digital Asset Banks To Take Over TradFi

Abra CEO Predicts Crypto Rally After End of Strong Dollar, Says Digital Asset Banks To Take Over TradFi

0

Source: Daily Hodle

The CEO of crypto wealth management platform Abra thinks the largest bank in the world in 20 years will be a “crypto bank.”

Bill Barhydt says in a new conversation with Anthony Scaramucci at Salt New York that the future biggest banks will either be the incumbent institutions who adapt to cryptos, or they will be replacement upstarts.

“Look, I think that we’re in this mode where it’s going to be extremely difficult over the next few years to generate real returns. Let’s put that aside for a second though. I think that we’re going to see a bifurcation. Everybody calls it… the crypto space, but I think it’s actually more than that.”

He calls Bitcoin (BTC) a “relatively stable” store of wealth, but notes that it’s not actually that stable in comparison to the US dollar right now.

“The reality is the dollar is really strong right now. But that’s about to — in my opinion — reverse in a massive way. [The] Fed can’t sustain what they’re doing, right? And so I think everybody accepts the fact that we’ve got to get back to dramatically lower interest rates, which means falling dollar, which means asset prices are probably going to skyrocket again, which means crypto is going to get an outsized benefit from that versus traditional risk-on assets.”

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Anna Anikina/Sensvector

The post Abra CEO Predicts Crypto Rally After End of Strong Dollar, Says Digital Asset Banks To Take Over TradFi appeared first on The Daily Hodl.

Go to Source
Author: Daily Hodl Staff