Crypto Giant Suggests The Next Bull Market Could Come Anytime Between This Year And 2026 Eric VoorheesBut this will require some changes in the macro environment – as well as in people’s minds.
Voorhees, who is the founder and CEO of the crypto exchange shapeshiftWas a guest on the Bankless Podcast episode published On 2 January.
Responding to a question about when we would get to see another bull run and all-time high, Voorhees joked that it wouldn’t be 10 years, adding that he often talks with his “crypto OG” friends. Talks on barbecue when the markets will turn around – but they are always wrong.
He added, however, that,
“If it takes 10 years for a bull market to happen, then the whole thing probably failed. […] I think it’s sometime in the next 6 months to 3 years.”
Voorhees suggested that a few things had to happen for the bull to return. Some time is required for people’s mind set to change and speculative cycles start turning back.
The CEO said,
“It also has a lot to do with the macro environment. So as long as interest rates are kept high, monetary conditions are tight, that’s going to be a headwind. But […] That will start to change early next year. So, I wouldn’t be surprised if bitcoin was like 40K by the summer, I wouldn’t be surprised at all. And it’s like 2.5X from here, so it’s a great return.”
Lessons to Heed from Bull and Bear Markets
Voorhees had some lessons and warnings to share about both bull and bear markets — some common denominators seen each time during each cycle.
Not unique to cryptocurrencies, he said, but “when there is a bull run, people are much less skeptical and judgmental” and are more willing to accept anything. This is the time when “all stupid ideas get as much money as good people, have no conscience, and everyone is making money doing everything.”
Therefore, Voorhees warned that,
“During a bull market, staying alert means remembering [asking] Ask yourself if this thing is really useful or it’s just stupidity. […] Don’t follow the crowd, because they will get into everything.”
Meanwhile, in a bear market, people are “too bearish, and they dismiss the whole thing.” The technology doesn’t suddenly change between bull and bear markets, it will work equally well in either one – this means users’ opinion of it tends to be negative.
Bear market advice would be to buy and build, but also “just remember your life, crypto isn’t everything,” he said.
Voorhees warned people not to miss the forest for the trees, saying what we are witnessing at this moment is a revolution. He said,
“Just step back and be proud of something you’re a part of. [During] no revolution that worked [were] Everyone has faith that it will work. You move through uncertainty the whole time, and then one day you can wake up and realize ‘oh, it worked out, but I missed it all because I was so worried it wasn’t happening’ . Just recognize it, you are in the middle of a revolution right now: the polar bear market – you are in the middle of that. […] So while you’re here, don’t let it go without recognition.”
So the most basic lesson in any market is to stay in the middle by examining your perception of things and looking at the bigger picture instead of going to extremes.
You can watch the full interview here:
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learn more:
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