The famous CEO made an extraordinary statement after Bitcoin's fall: "Fasten your seatbelts"

Bitcoin's recent sharp decline has raised concerns among investors, but Abra CEO Bill Barhydt has remained calm, comparing this correction to previous cycles in the crypto market. "All of you haven't changed at all," Barhydt said. "Bitcoin is currently in its 11th correction with a decline of more than 25% in a decade, and every time it does, people react as if the end of the world is coming. Every time like that, everyone screams that this time will be different." According to Barhydt, the current pullback reflects market moves since 2017, when increased fiat liquidity led to significant asset price increases. He said that the basic macroeconomic conditions remain largely the same, indicating that Bitcoin's long-term trajectory is still on track. Barhydt outlined a number of important economic factors that he believes will drive future liquidity in financial markets, including Bitcoin: Reduce Treasury yields to refinance debt. Reduce mortgage rates to unlock the residential and commercial real estate market. Lowering Treasury yields to support struggling banks. He also pointed to China's economic difficulties, saying that the country is in a deep recession and is likely to benefit from lower U.S. interest rates, which could allow for more monetary easing. Barhydt predicts significant job losses in the coming months in the areas of government, technology and housing. However, he expects the Institute of Supply Management's index to (ISM) rise during this period, indicating that economic activity continues. "All of this tells us that liquidity is going to continue to flow and the market is going to move the way they normally do in cycles like this," he explained, adding: "That liquidity is going to flow into stocks, into Bitcoin, into crypto, into real estate." While Bitcoin's sudden decline has many worried, Barhydt remains optimistic that the current recession is only a temporary retreat in a larger growth cycle driven by liquidity. "Again... Fasten your seatbelt," he said.