Bitcoin Will Go To $85,000 Before a Dip but the Real Story Is Its Role in the AI Economy, Expert Argues

Bitcoin (CRYPTO: BTC) added about 20% in market capitalization in a week, yet a prominent expert argues its investment case goes far beyond a reflexive short squeeze.

Speaking with Scott Melker in a podcast on Sunday, Abra CEO Bill Barhydt pointed to U.S. Treasury efforts to support the long end of the bond market, a weaker dollar and a changing yield curve as signs that financial conditions are becoming more supportive of risk assets.

Barhydt sees Bitcoin reaching $85,000 before a leverage reset pulls it toward the low $70,000s, followed by a gradual climb to $100,000 to $110,000.

He also expects altcoins to begin outperforming once Bitcoin moves beyond that initial leverage-driven phase.

Why BTC Sits Under An AI-Driven Financial System