Bitcoin at $40,000: Eric Voorhees made a forecast on the timing

The CEO of the ShapeShift cryptocurrency exchange believes that bitcoin will soon begin to rise and by the summer of this year the first cryptocurrency will be worth $40,000. Erik Voorhes made a statement in an interview with Bankless. The businessman believes that bitcoin is ready for a “large-scale return”. ShapeShift CEO Expects New Crypto Bull Cycle to Bring BTC to New Records. However, in this case, Voorhees finds it difficult to name the exact timing – he believes that the bullish cycle will have to wait from six months to three years. The main drivers of growth should be macroeconomic factors – an increase in interest rates and a tightening of monetary policy by the central banks of leading countries. Voorhees noted that cryptocurrencies do not have a very positive reputation, but this will not prevent the next bitcoin rally.. According to him, “the financial industry is now in the middle of a revolution.” Earlier, Tim Draper, a major venture capital investor, confirmed his forecast that Bitcoin will reach $250,000 already in 2023.