Abra CEO and founder Bill Barhydt now sees Bitcoin as a store of value.

[batang_bitcoin]

I see the same thing just like what CZ has been saying about bitcoin. Obviously, Abra is a crypto exchange app so the CEO should really like bitcoin and he could be one of the individuals that are holding not just hundreds but thousands of bitcoin, I have no idea how many he has.
I have never heard a CEO of a crypto exchange saying that bitcoin has no future. In the first place, they got in to crypto business because of what they've seen for bitcoin's potential.

It not every individual that's into bitcoin are in it for the potentials and i can assure 70% are into it for profit but the issue of Abra CEO caught by surprised but i have learnt acouple of years that people can go extra miles just to achieve their own purposes without thinking of the consequences or have affection for those that will be affected.
With that been said, we cant know the reason behind his negative statement about BTC but it clearly for selfishness purpose.

I'll take it positively if these corporate exchange owners are saying good things about bitcoin. I'll simply appreciate his take about bitcoin on the positive side. We don't like those that are telling negatively about bitcoin, so in this case, I'll absorb the positive words that he spoke.

I see the same thing just like what CZ has been saying about bitcoin. Obviously, Abra is a crypto exchange app so the CEO should really like bitcoin and he could be one of the individuals that are holding not just hundreds but thousands of bitcoin, I have no idea how many he has.
I have never heard a CEO of a crypto exchange saying that bitcoin has no future. In the first place, they got in to crypto business because of what they've seen for bitcoin's potential.

Right, they will always says positive things about bitcoin because that is where their business evolves. So this is short of calling them shills for bitcoin, specially coming from a CEO. And not just Bill Barhydt, but you will hear a lot of high profile people very optimistic about it, but if you are going to check them out, they are hedge fund managers or have companies that deals directly with crypto so we shouldn't be surprised by this kind of statements.

There's the benefit to them if they speak clearly about bitcoin tying up their business on it. That's as expected as what we've known them to give their business exposure.

[coupable]

Honestly,if you check or have read about Bill Barhydt background you'll understand that theres nothing to be surprised about the statement he made about bitcoin before and now.

Honestly, i can't see the importance of what Mr Bill have said before and now, and can just admit that he ignored many facts before to announce his opinion. A cryptographer can't really admit if something is a real store of value or not, this is the role of the economists.

What he said before is not important but what he just said now to correct his previous statement is very important because negative news can easily influence the newbies decision. However, the roles of the economists is know if something is a real store of value but ask yourself why did Bill he invest in bitcoin at early stage and why would a software developer/chief technology officer (CZ) no Bitcoin to be a store of value?

My point was about how a cryptographer can be leaded by unconfirmed news and make a judgment based on it, from an economic vision.
From bitcoin early days, it was used like any normal currency as: unity of count, exchanged between individuals, and a store of value. So anybody thought like Mr Bill, he is either an ignorant of what a currency is, or leaded by a non biased ideology .

[barbara44]

Having initially been quite sceptical Bill Barhydt has now come out and proclaimed that he agrees on Bitcoin being a store of value by stating that "today Bitcoin is best used as a store of value that will become more and more uncorrelated to traditional investing markets over time".

As more people start to view Bitcoin as a store of value this could arguably gain popularity with the general public and, dare I say it, even boomers.

It’s good that a lot of people are starting to realize Bitcoin as a store of value. A noob was asking me if Bitcoin is a store of value and when I gave him a yes as an answer, he said if it was a store of value why then does the price drop.

I brought out my smartphone and opened a Bitcoin chart and showed how the price has been moving for a decade now and told him to imagine if he invested in all those years it definitely would have been a store of value for him and he would have made huge profit as well. At last he had no other option than to agree.

Majority of the people think short term, that’s why they don’t see it as a store of value. If they would look at it for a long time, they will agree.

[Harlot]

He's a CEO of a wallet/exchange app for cryptocurrencies what would you expect him to say about his own industry? They obviously won't talk about bad things about their own products cause it will be bad for their businesses. So I would really consider these types of of statements coming from business owners and CEOs as something without any weight because you won't really expect their words to have no kind of bias in them as it will always have.

[Lucius]

Who is Bill Barhydt and why should we care about his opinion regarding Bitcoin?
I kinda disagree with his statement that Bitcoin "will become more uncorrelated to the traditional investing markets over time".There's no proof that this theory will actually happen

As the title says, he is the CEO of a company called Abra. I can't say anything negative or positive about the company, but I see that they have been around since 2014 and that they deal with cryptocurrency investment services.

Bitcoin really can’t be considered a safe haven by some people, but for all those who invest long term BTC has proven to be a very good store of value. When I say long-term then I mean a period of at least 5 years, which we can observe in the context of 2010-2015 and 2015-2020, and except for the end of 2017 when only the inexperienced invested, BTC definitely proved above all expectations.

The period in which we live shows that almost nothing is resistant to global disturbances, and that it can lose value in the short term - so if gold that enjoys a great reputation and trust loses 6% in value, what to expect from BTC, which has a very modest market cap and very small user base?

I personally do not trust banks, brokers, stocks, and in the gold market there are large manipulations in the form of fake gold - so BTC is my choice when it comes to store of value.

[Shasha80]

I do not really know the figure of Bill Barhydt, but my statement about Bitcoin as a store of value strongly agrees. Therefore collect
Bitcoin must be done from now on, if it is postponed, of course the price will go up soon and will be sorry for not buying it soon.
I am sure Bitcoin will soon break the price of resistance, then it will return to the price of $ 10,000. If you see the development of
Bitcoin from being created until now it has been proven to be a store of value.

[TravelMug]

And now this tweet coming from Bill:



https://twitter.com/billbarhydt/status/1319690483367510016

And the reason according to him?

(a) Fundamentals
(b) Technicals
(c) Sentiments

[ice098]

He's a CEO of a wallet/exchange app for cryptocurrencies what would you expect him to say about his own industry? They obviously won't talk about bad things about their own products cause it will be bad for their businesses. So I would really consider these types of of statements coming from business owners and CEOs as something without any weight because you won't really expect their words to have no kind of bias in them as it will always have.

Yes, Bill Barhydt was a founder/CEO of one of the crypto wallet that's why he would never utter against cryptocurrency.  It does sound as an advertisement to cryptocurrency though it may never weight on the huge break through of cryptocurrency but it make sense that those founders were having a good statement for their own products and businesses of course. He must show a support to its product to be able to get or attract investors.

[Nellayar]

Abra is well known cryptocurrency wallet that founded by Bill Barhydt. Although, I used it frequently. I am really satisfied when I use that wallet. I think, what he has mentioned is just complementing to bitcoin. We all know that the best cryptocurrency that we can store our value is bitcoin. He just promoting bitcoin to the people because what he markets was listed or in its wallet already. We will more surprise if the founder of BCH do it.