{"id":27472,"date":"2023-01-04T05:29:15","date_gmt":"2023-01-04T05:29:15","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/04\/erik-voorhees-optimistic-digital-market-news\/"},"modified":"2023-01-04T05:29:15","modified_gmt":"2023-01-04T05:29:15","slug":"erik-voorhees-optimistic-digital-market-news","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/04\/erik-voorhees-optimistic-digital-market-news\/","title":{"rendered":"Erik Voorhees Optimistic | Digital Market News"},"content":{"rendered":"

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The CEO and founder of crypto exchange<\/a> ShapeShift, Erik Voorhees, has predicted that BTC could achieve a price of $40,000 by 2023. Mr. Voorhees said in an interview with Bloomberg News on Friday that the slow adoption of cryptocurrencies<\/a> is similar to the early days of the internet in the \u201990s and early 2000s.<\/p>\n

In the last three months, BTC has been on a steady climb to its yearly high of $8,550, which was achieved on April 2. At press time on Friday, BTC\/USD is trading at $7,978.15 with a 24-hour loss of 0.68%.<\/p>\n

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In an interview with Bloomberg News, ShapeShift CEO and founder Erik Voorhees predicted that Bitcoin (BTC) could reach $40,000 by 2023.<\/p>\n

Erik Voorhees Speculates Big Things For BTC<\/b><\/span><\/h2>\n

The prediction was made as part of a broader discussion about the future of cryptocurrencies and blockchain technology.<\/p>\n

When asked to make predictions on where crypto is headed next, Voorhees said: \u201cI think we\u2019re going to see Bitcoin rise again. I think we\u2019re going to see it touch $10k this year; I think we\u2019re going to see it touch $20k by the end of 2023; but ultimately what I believe will happen is that Bitcoin will one day be worth tens of millions or even billions.\u201d<\/p>\n

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In the last three months, BTC has been on a steady climb to its yearly high of $8,550, which was achieved on April 2. At press time on Friday, BTC\/USD is trading at $7,978.15 with a 24-hour loss of 0.68%.<\/p>\n

In what may be a sign that bitcoin is finding support in the mid-$7k range, crypto traders have been more bullish than bearish in recent weeks. On April 15th and 16th alone\u2014the first two days after BTC broke above $7k\u2014over 60% of all market makers were long positions.<\/p>\n<\/div>\n