Erik Voorhees is tipping $40,000 BTC through June, but there is little consensus among experts

There has been little consensus among Bitcoin commentators over the past few weeks, as crypto executives, research analysts, and billionaire investors have expressed wildly different views on what Bitcoin has in store for the year ahead.

A crypto exchange founder expects Bitcoin (BTC) to surge to $40,000 by summer, while a Bitcoin billionaire has renewed his optimistic BTC price prediction of $250,000 for the year.

Erik Voorhees – $40,000 By “Summer”

Erik Voorhees, founder and CEO of cryptocurrency exchange ShapeShift, expressed optimism about a potential Bitcoin rally in an interview with Bankless on Jan. 2, saying he would “not be surprised” if Bitcoin (BTC) reached “around $40,000.” . until summer”.

Voorhees noted that if his prediction comes true, it would be “2.5 times” the current price of $16,666, which he believes is a “great return.”

The crypto executive couldn’t pinpoint the timing of the next bull run, only saying it would come sometime within the next “six months to three years.”

However, he dismissed the idea that it could take up to “10 years,” arguing that if that happened, that would mean the whole “thing.” […] probably failed.”

Looking ahead, Voorhees said the macro environment, interest rates and tightening monetary conditions are big factors in how the crypto market will perform this year.

He also acknowledged that crypto’s reputation from outsiders is “just rubbish,” but those commenters will also be the ones “taken by surprise” when the next rally takes place.

Voorhees said whether we’re in a bull or bear market, we’re “in the middle of a revolution right now.”

Tim Draper – $250,000 by April 2024

Meanwhile, bitcoin billionaire Tim Draper further substantiated his $250,000 bitcoin forecast via his recent Twitter post on Jan. 1, revealing that he’s even having it printed on a t-shirt.

See t shirt. $250,000 by 2022. My prediction was a bit off. Didn’t make it there…yet. Certainly before the halvening. #truebelievers #bitcoin #worldoftrust #freedom #hodl pic.twitter.com/jMLi8rraj8

— Tim Draper (@TimDraper) December 31, 2022

Draper first made the bold $250,000 Bitcoin price prediction during a speech at his own Draper University in San Mateo in April 2018.

At the time, he said he was looking into what he called a “crystal ball” and said he was “thinking” of $250,000 for a bitcoin by 2022.

Draped said people would take those who believed the prediction “insane” but assured his audience it would happen and be “awesome”.

In his recent tweet, Draper acknowledged that his “$250,000 by 2022” prediction was “a little off,” but said he believes it will “certainly” happen ahead of Bitcoin’s halving, which Coinmarketcap says is scheduled for April 2024 is.

However, his optimistic prediction was met with mixed comments on Twitter, with one user tweeting that he had “lost interest” in the price of bitcoin since Celsius stole the “one bitcoin” he had, another tweeting “they have big ones.” hopes,” while another tweeted, predicting that it’s “unlikely” to “even break above $30k in 2023.”

Mike McGlone – $100,000 by 2025

Draper’s comments could be seen as particularly optimistic even among Bitcoin supporters.

In September, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence — who has historically been optimistic about Bitcoin’s future — tapped the cryptocurrency to only hit $100,000 by 2025.

He made this prediction before during an October 2020 interview, in which he said Bitcoin is “on track” to reach “$100,000 by 2025.” A year later, in an interview with Kitco News, he stuck by that prediction, saying it was only a “matter of time” before he hit “$100,000.”

He said the reason is that supply is still “declining” while adoption and demand are “still increasing”.

Standard Chartered – $5,000 in 2023

In December, UK-based banking firm Standard Chartered predicted that Bitcoin could fall as low as $5,000 in 2023 as one of the possible “financial market surprises” of the year.

According to a Dec. 5 report from CNBC, rising yields and a plunge in tech stocks could lead to an acceleration in the Bitcoin sell-off, leading to more crypto bankruptcies and collapses and a collapse in investor confidence in digital assets.

However, investor note author Eric Robertsen — the company’s global head of research — noted that this was an extreme prediction that fell outside of his own baseline views and outside of the market consensus.

Related: Bitcoin Jack: “I’m trying to think more about when than where” for the price

While some crypto industry figures have been confident enough to share their Bitcoin predictions for the years to come, others have been more reluctant to share their thoughts on the subject.

Co-founder and managing partner of digital asset management platform Nexo, Antoni Trenchev, recently told Cointelegraph that there are “many factors” that can affect Bitcoin’s price.

Alex McCurry, CEO and co-founder of blockchain solutions provider Solidify.io, told Cointelegraph on Jan. 3 that “Bitcoin is a totally unpredictable asset.”

The author of the bestselling book Rich Dad, Poor Dad, Robert Kiyosaki, has also not made any price predictions in recent months, although he has frequently posted about Bitcoin on his Twitter page.

In December, Kiyosaki said he’s investing in Bitcoin and is “very excited” about it because it’s classified as a commodity similar to gold, silver, and oil, as opposed to other crypto tokens, which he says have been classified as securities.

Q: Do you invest in Bitcoin?
A: Yes, I am. I am very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity similar to gold, silver and oil. Most crypto tokens are classified as security and SEC regulations will destroy most of them. I buy more BC

— Robert Kiyosaki (@theRealKiyosaki) December 31, 2022

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