Erik Voorhees predicts when the next Bitcoin bull market will begin
Erik Voorhees predicts when the next Bitcoin bull market will begin
Erik Voorhees-CEO of Shapeshap and Pronounced Bitcoin-believes that it could take between six months and three years before the next crypto bull run takes place.
He also predicted that the primary cryptocurrency could increase to $ 40,000 by summer, which corresponds to an increase of 140 % compared to the current reviews.
"It won't be ten years"
in a recent Interview Preserver-Spaces = "True"> for bankless shows argued that the prevailing crypto winter has not continued yet become. However, if this is the case, then "probably the whole thing failed," he added.
The American believes that Krypto could enter a bull run in half a year, since "generally it takes as long as it takes for people to change and return speculative cycles".
He believes that the volatility of the market will depend on several key factors in the near future, including the interest rates announced by the Federal Reserve, the macroeconomic environment and the implementation of possible regulations.
If the conditions improve, Bitcoin could increase to $ 40,000 by summer. Assuming that his forecast will be true, this would lead to a 2.5-fold profit for investors who are now deciding to start the ecosystem:
"There is also a lot to do with the macro environment. As long as the interest rates are kept high and the monetary conditions are tighter, there will be a headwind. That will change at the beginning to middle [2023]. 2.5 times from here.
Voorhees spoke to some heavy disasters that brought the industry to a standstill in 2022, such as the collapse of centralized organizations (with ftx Celsius network and Data Preserver-Spaces = "True"> Voyager Digital ). He advised consumers to protect themselves by relying on self -negotiation methods: "But this lesson is really the right one, because if the majority of the crypto funds and the crypto richness is in the case of intermediaries: a) We will never escape the regulation that this stuff should escape, and b) we will never escape the need to trust people."
some estimate that the continued Bitcoin 2024 Bitcoin will end when the next BTC halung will take place. A proponent of this thesis is Mark Yusko-CEO by Morgan Creek Capital Management-The said span-preserver-spaces = "True">: "When we come to summer, we will take the next speculative step, and I appreciate that will come in expectation of the next halving in 2024." Hunter Horsley-CEO from Bitwise- . Erik voorhees, cnn
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