Bitcoin Price Set for Breathtaking Moonshot on the Back of Rising U.S. Debt, Says ShapeS…

Erik Voorhees believes the price of Bitcoin will increase on the back of skyrocketing U.S. debt. The Chief Executive Officer of ShapeShift – a Swiss-based cryptocurrency exchange platform, believes that with rising debt profile, investors will have no choice but to invest in virtual currencies leading to the inevitable rise in the price of Bitcoin.

Rising U.S. Debt Will Push Bitcoin Prices Higher

In a tweet published on Thursday, Voorhees claimed that the emergence of another financial crisis could be the catalyst for another Bitcoin bull run. According to the ShapeShift CEO, with organizations unable to pay back their debt, fiat will take a colossal dump leading to an increased emphasis on cryptocurrencies.

When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can’t possibly ever pay it back, and thus must print it instead, and thus fiat is doomed… watch what happens to crypto.

— Erik Voorhees (@ErikVoorhees) November…