1. Erik Voorhees, founder and CEO of crypto exchange ShapeShift, predicts the next bull market could begin anytime between summer 2021 and 2026.
2. For the bull market to return, the macro environment needs to improve, and people’s mindsets need to shift to speculative cycles.
3. Voorhees warns of common denominators seen in both bull and bear markets.
Erik Voorhees, the founder and CEO of crypto exchange ShapeShift, recently appeared on the latest Bankless podcast episode, where he discussed the possibility of the crypto market returning to its bull market heights. When asked about when we could expect to see another bull run and all-time highs, Voorhees joked that it wouldn’t be 10 years. He stated, however, that the next bull market could begin anytime between the summer of this year and 2026, depending on the current macro environment and the changing of people’s mindsets to speculative cycles.
Voorhees noted that certain things need to occur in order for the bull market to return, such as the macro environment to improve and people’s mindsets to shift to speculative cycles. He also mentioned that this change could start as early as next year, and that the market could potentially be at 40K by the summer.
In addition to his predictions, Voorhees also discussed the common denominators seen in both bull and bear markets. He warned that investors should be aware of the hype and the overvaluation of certain assets, as well as the FOMO that occurs when prices start to rise. He also noted that markets tend to crash when there is a lack of liquidity and the market becomes oversold.
In conclusion, Erik Voorhees believes that the next bull market could begin anytime between the summer of this year and 2026. He also noted that for the market to return to its bull run heights, certain conditions need to be met such as the macro environment improving and people’s mindsets shifting to speculative cycles. Lastly, Voorhees warned investors of the common denominators seen in both bull and bear markets, such as hype, overvaluation, and FOMO.