"There are so many BTC predictions, that even investors are confused about which one to believe."
ShapeShaft's Chief Executive Officer (CEO) and staunch supporter of Bitcoin (BTC), Eric Voohees is confident that the digital asset can see a surge within six months to three years from now.
According to Voohees, BTC has the potential to climb by 140% to break through the $40,000 price level by summer.
According to his remarks at the Bankless Shows, the fall of the crypto market may be coming to an end soon, but the situation can turn the other way around if digital assets continue to have negative momentum.
He added, Voohees thinks the crypto market will be bullish for half a year following that period is the starting point for most individuals to start thinking otherwise about crypto.
However, it should be noted that the crypto market will be driven by various factors such as the Federal Reserve's (Fed) statement on interest rates, the economic environment and the implementation of regulations.
Voorhees also advises investors to protect their digital assets through self-custody* so that they are not affected when situations such as the collapse of FTX, Three Arrows Capital and Voyager Digital occur.
*Private key storage that allows investors to securely access blockchain-based assets
Apart from Voohees, Bitwise CEO Hunter Horsley is confident that BTC will climb this year by encouraging investors to cash in on the digital asset while its price is still low.
