Cryptocurrency investment app Abra’s CEO forecast that “all hell will break loose” in Bitcoin and altcoin markets this year in a fresh mainstream media interview March 28.
Speaking to Business Insider two weeks after the startup announced it had raised $40mln in new funding since October, CEO Bill Barhydt said western institutional money would begin to “dip its toes” into crypto assets in 2018.
In doing so, Barhydt continues a popular narrative that institutional investors ‘waiting’ for an opportune moment will transform Bitcoin and major altcoin price performance.