Erik Voorhees, founder and CEO of cryptocurrency exchange ShapeShift, stated that an uptrend may begin in the coming summer, but this is directly related to macroeconomic conditions.
Erik Voorhees January 2 During an interview with Bankless on . To start the next bull run won’t wait 10 years Expressing that, Voorhees said that by the summer of 2023, Bitcoin will “Like 40 thousand dollars” if it reaches a number “won’t be surprised” stated. If the forecast is realized, it an increase of about 140% from the current price means and great profit Voorhees said that and the bull run to take place within “6 months to 3 years”. waiting.
Regardless of the bull or bear market, the sector’s “right now in the middle of a revolutionwho thinks that VoorheesContinuing his speech, he made the following statements:
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’m guessing sometime between the next six months and three years. I think it usually takes this long for people’s minds to start changing and speculative cycles to return.
Voorhees said it could start in the coming months for the price hike to happen. improvement of macroeconomic conditions and Federal Reserve (FED) likely to return to a less hawkish stance stressed the need.
This also has a lot to do with the macro environment. As long as interest rates are kept high and monetary conditions are tighter, this will be a headwind. This will start to change from early to mid 2023. So I wouldn’t be surprised if Bitcoin hits $40,000 by summer.
On the other hand, one of the biggest lessons to be learned from 2022 is that investors will use their digital assets. self preservation Emphasizing that it is important to trust in centralized exchanges He underlined that he has been seriously shaken this year.