RATE Group | ShapeShift CEO: Bitcoin Bear Market Isn’t Over Yet, But Accumulate Now
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ShapeShift CEO: Bitcoin Bear Market Isn’t Over Yet, But Accumulate Now

26 Aug ShapeShift CEO: Bitcoin Bear Market Isn’t Over Yet, But Accumulate Now

Posted at 06:26h in Bitcoin News by

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Investors recently breathed a sigh of relief, as Bitcoin staved off a move under the ever so important $5,800 support level. And while some presume that the bear market may be breathing its last breaths, some pessimists believe that the worst has yet to come for this early-stage market.

Erik Voorhees: Bitcoin Could Fall To As Low As $4,750

As with any market, there are bulls and bears. Erik Voorhees of Shapeshift, an instant crypto-to-crypto exchange, seems to fall into the latter category, recently speaking with Ran Neuner on CNBC Africa’s Crypto Trader to discuss his bearish sentiment.

Neuner, who goes by “CryptoManRan” on Twitter, opened up the interview by alluding to Voorhee’s previous appearance on Crypto Trader, asking the CEO if his bearish outlook remains. Surprisingly enough, the Shapeshift executive adamantly stated that 2018’s bear market could be set to continue. Elaborating on this forecast, he noted:

“I don’t expect it (bear market) to end soon, although I…

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