• Erik Voorhees, founder and CEO of crypto exchange ShapeShift, believes that the next bull market could start anytime between the summer of this year and 2026, depending on the macro environment.
• Voorhees warned of common denominators seen every time during bull and bear markets and suggested that people need to change their minds and speculative cycles to return before the next bull.
• Voorhees believes that the macro environment will improve by early to mid-next year and that by the summer bitcoin could be at 40K – 2.5X from its current price.

Erik Voorhees, the founder and CEO of crypto exchange ShapeShift, recently appeared on the Bankless podcast episode and shared his thoughts on when the next bitcoin bull market might start. According to Voorhees, the next bull market could start anytime between the summer of this year and 2026, depending on the macro environment.

Voorhees jokingly said that it wouldn’t take 10 years for the bull market to happen. However, certain things need to occur in order for the bull to return, he suggested. Voorhees noted that people’s minds need to start changing and speculative cycles to return before the next bull. He believes that the macro environment will improve by early to mid-next year and that by summer bitcoin could be at 40K – 2.5X from its current price.

Voorhees also had some lessons and warnings to share about both the bull and the bear markets – certain common denominators seen every time during each cycle. He cautioned investors to be aware of these common denominators and to not be too caught up in the hype. He noted that it is important to remain cautious and not to invest more than what you can afford to lose.

The crypto veteran also noted that during a bull market, it is important to invest in projects that you believe in and to not be too greedy. He warned of the temptation to invest in projects just because they are doing well, as they may not be sustainable in the long run. He emphasized the importance of looking into the fundamentals of the project and understanding the technology behind it.

In conclusion, Voorhees believes that the macro environment will improve by early to mid-next year and that by summer bitcoin could be at 40K – 2.5X from its current price. He warned investors to be aware of common denominators seen during bull and bear markets and to not be too caught up in the hype. He also noted the importance of investing in projects that you believe in and understanding the fundamentals of the project before investing.