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.
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