Crypto expert Erik Voorhees Bitcoin (BTC) He predicted the date of the next bull run.
He participated in a new interview on Bankless channel. Voorhees, cryptocurrencyHe thinks that the bull market is not far away.
Koinfinans.com As we reported, ShapeShift CEO stated that Bitcoin could rise by about 140% from its current value as soon as this summer. At the time of writing, BTC was trading around $16,700.
The next bull market won’t last 10 years. If it takes 10 years for a bull market to materialize, then everything has probably failed. So I’m happy to limit it that way. I expect it to happen in the next six months to three years. I think it usually takes this long for people to start changing their minds and for speculative cycles to return.
NEWS CONTINUES BELOW
Erik Voorheesalso shared the details required for the price increases that it expects to begin in the coming months. Voorhees stated that macroeconomic conditions should improve first and the FED should reduce its hawkish stance.
“What happened has a direct connection with macroeconomic developments. As long as interest rates are kept high and monetary conditions are tighter, this will be a headwind. This situation will begin to change towards the middle of 2023. So it wouldn’t surprise me if Bitcoin is at $40,000 by summer. This means a 2.5 times increase from here.”
Voorhees also noted that one of the biggest lessons to be learned from 2022, which has witnessed multiple major collapses of centralized assets and loss of users’ funds, is the self-preservation of digital assets.
“People have learned not to trust exchanges and escrow wallets in 2022. This detail is not easy for beginners, but it is something that can be learned over time. People who have been in the industry for a long time need to understand such storage methods. MetaMask has done quite well in this regard. You should definitely learn such solutions…”