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Erik Voorhees tips $40K BTC by June, but little consensus among pundits

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ShapeShift CEO Erik Voorhees expects Bitcoin to reach $40,000 by the summer, while Tim Draper has stood by his $250,000 prediction for the second year running.

There is little agreement among Bitcoin’s commentators over the last few weeks, with crypto execs, research analysts and billionaire investors offering wildly different takes on what's in store for Bitcoin for the year ahead.

One crypto exchange founder expects Bitcoin (BTC) to spike to $40,000 by the “summer” of 2023, while a Bitcoin billionaire has renewed his bullish $250,000 BTC price prediction for the year.

Erik Voorhees — $40,000 by the “summer”

Erik Voorhees, founder and CEO of cryptocurrency exchange ShapeShift, was optimistic about a potential recovery of Bitcoin’s price during an interview with Bankless on Jan. 2, stating he “wouldn’t be surprised” if Bitcoin (BTC) hit “like $40K” by the “summer.”

Voorhees added that if his prediction were to come true that would be “2.5X” from its current price of $16,666 which he said 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.”

He shut down the idea that it could take as much as “ten years” however, arguing that if that happened it would mean the whole “thing [...] probably failed.”

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

He also acknowledged that the reputation of crypto from outsiders is “just trash” but those commentators will also be the ones to be “blindsided” when the next rally happens.

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

Tim Draper — $250,000 by Apr. 2024

Meanwhile, Bitcoin billionaire investor Tim Draper has continued to knuckle down on his $250,000 Bitcoin prediction via his most recent Twitter post on Jan. 1, showing he even has it printed on a t-shirt.

See t-shirt. $250k by 2022. My prediction was off by a bit. Hasn’t made 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 described as a “crystal ball” saying he is “thinking” of $250,000 a Bitcoin by 2022.

Draped said people will perceive those that believe the prediction was “crazy,” but reassured his audience it is going to happen and is going to be “awesome.”

In his most recent Twitter post, Draper conceded that his “$250K by 2022” prediction was “off by a bit” but said he believes it “certainly” will happen before the Bitcoin halving, which is set for Apr. 2024 according to Coinmarketcap.

His bullish prediction was however met with varied comments on Twitter, with one user tweeting that they had “lost interest” in the price of Bitcoin since Celsius stole the “one Bitcoin” they had, another tweeted “you have high hopes,” while another predicted that it is “unlikely” to even go “above $30K in 2023.”

Mike McGlone — $100,000 by 2025

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

In Sept. 2022, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone — who has been optimistic about the future of Bitcoin in the past — tapped the crypto to only reach $100,000 by 2025 in comparison.

He's made that prediction once before during an interview in Oct. 2020 where he said Bitcoin is “on track” to hit “$100,000 by 2025.” A year later, he stood by that prediction in an interview with Kitco News saying it’s only a “matter of time” to get to “$100,000.”

He noted the reason for this is supply is still “going down,” while adoption and demand are “still increasing.”

Standard Chartered — $5,000 in 2023

In December, United Kingdom-based banking firm Standard Chartered predicted Bitcoin could drop to as low as $5,000 in 2023 as one of the possible "financial-market surprises" of 2023.

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

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

Related: Bitcoin Jack: "I try to think more about when than where" for price

While some crypto industry figures have been confident enough to share their Bitcoin forecasts for the years ahead, others have been more reserved in sharing their thoughts on the subject.

Co-founder and managing partner of digital asset management platform Nexo Antoni Trenchev recently explained to Cointelegraph that there are “many factors” that can influence the price of Bitcoin.

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

Author of the best-selling book “Rich Dad, Poor Dad” Robert Kiyosaki hasn't made any price predictions in recent months either, despite frequently posting about Bitcoin on his Twitter page.

In Dec. 2022, Kiyosaki said he was investing in Bitcoin and is "very excited" about it due to it being classified as a commodity much like gold, silver and oil, unlike other crypto tokens which he said have been classified as securities.

Q: Are you investing in Bitcoin?
A: Yes I am. I am very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity much like gold, silver, and oil. Most crypto tokens are classifed as a security and SEC regulations will crush most of them. I am buying more BC

— Robert Kiyosaki (@theRealKiyosaki) December 31, 2022

Source

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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