Abra CEO Explains Why It’s Bitcoin’s Time to Shine
The U.S. government's attempts to fix the current economic situation could ultimately lead to greater Bitcoin (BTC) adoption, according to Bill Barhydt, CEO of crypto wallet and exchange solution, Abra. "I think that this is a pivotal moment for Bitcoin as a new asset class," Barhydt told Morgan Creek Digital co-founder Anthony Pompliano during an Aug. 13 podcast interview. Barhydt noted the U.S. government's goals for intentional inflation as rationale for his thesis. As part of the rationale for his claims, Barhdyt mentioned rumors of the U.S. government's upcoming goal of 4% inflation — unheard of territory when it comes to intentional inflation, according to the CEO. "They feel they have no choice except to basically reflate the economy in order to create growth," ...