Abra is a US-based financial services and technology company that operates all exclusive Cryptocurrency wallets & Exchange solutions. Bill Barhydt is the chief executive officer of Abra.
In his recent podcast interview with Anthony Pompliano, co-founder of Morgan Creek Digital, Barhydt emphasized Bitcoin’s importance during and after the Coronavirus pandemic
across the USA. He said that it is a decisive moment for Bitcoin to shine brighter as a new asset class in the financial sector. Not only by Barhydt, but the need for existing cash into digital currencies such as Bitcoin is also getting noticed by other experts worldwide.
According to Bill Barhydt, the U.S. government is trying to fix the nation’s sinking economy by intentional inflation, this will create a situation of greater BTC (Bitcoin) adoption. In the USA, it is rumored that the government is coming up with plans of 4% inflation to create growth. He claimed that the inflation was intentional as there is no other option left for the U.S. government to reflate the economy, after being hit hard by Covid-19.
Barhydt said that the U.S. government never intended to save the value of the citizen’s wealth, and it will never be, the U.S. government is simply eroding the value of existing money, this can show some growth in the system and keep it moving. Over the last century, the USD has lost 99% of its value, said Bill Barhydt. Now is the best time for Bitcoin to claim its worth, he added.
Bitcoin lies outside the U.S. government and acts as a barrier to the government & traditional currencies, people should recognize BTC’s potential and start investing in it.