Bitcoin has enjoyed a strong rally over the past few months as macro trends have favored its growth. The rally comes as an increasing number of investors, both within crypto and out of crypto, have realized there is a growing fundamental value in owning Bitcoin.
Bill Barhydt, CEO of Abra, made this much clear when he recently announced he has bumped up his BTC exposure. Abra is a leading crypto-asset exchange that has gained immense traction over recent years.
BILL BARHYDT, CEO OF ABRA, NOW HAS 50% OF HIS NET WORTH IN BITCOIN
Commenting on Twitter, Barhydt, who used to work at the CIA and NASA, said that 50% of his investment portfolio is now in Bitcoin:14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now!
“A few weeks ago, I increased my ownership of #Bitcoin significantly and it’s now 50% of my investment portfolio. Why? I believe #Bitcoin is the best investment opportunity in the world right now. There are three reasons I believe this to be true today…. Fundamentals, Technicals, and Sentiment.”
Speaking on fundamentals, he noted that Bitcoin’s decentralization and fixed supply is becoming more apparent than ever. He also mentioned how the cryptocurrency is seeing increased development in the privacy field, which will be important in an increasingly digital world.
Speaking on technicals, he noted that the leading cryptocurrency is in the midst of a pattern that was last seen prior to the previous run-up.
And speaking on sentiment, Barhydt commented that with interest in Bitcoin relatively low from a retail standpoint, now is likely a good time to get in.
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