Voyager Digital CEO Stephen Ehrlich shared his views on Bitcoin and the altcoin market in an interview with Yahoo Finance. In particular, it highlights all the interesting observations it makes based on activity on the Voyager platform.
Ehrlich: Bitcoin and 5 altcoins will rise in the next six months
Voyager Digital CEO Ehrlich stated that the most popular cryptocurrencies on the platform are Bitcoin (BTC), Ethereum (ETH) Cardano (ADA), Polkadot (DOT) Dogecoin (DOGE) and Shiba Inu (SHIB). He believes users can reap long-term gains as he is confident that crypto prices will rise in the next six months. As for future legislation, Ehrlich says there is no cause for concern. In fact, further regulation would be fair and thoughtful; sure that it will inevitably be good for the industry.
Manager’s comments on Bitcoin: “The price must rise”
Also, Bitcoin Cryptocoin. com also shared some interesting thoughts about its fluctuating price. Ehrlich says people will come and invest a lot of money over time. He thinks that BTC will reach this position, like the stock market, which took about 200 years to get to where it is now. Moreover, noting the limited supply of Bitcoin of 21 million, he thinks that this amount will only increase the demand to buy BTC. He adds: “The simple supply-demand alone shows that there will be more people willing to buy the limited amount of coins. So, the price should go up. ”
Ehrlich: There are some great projects
The manager explained that he also respects the altcoin space, noting that there are “some great projects.” He explained that most of the consumers are excited for altcoins, especially Voyager has seen great interest for Polkadot (DOT) and Cardano (ADA). He also pointed out how smart contracts are revolutionizing the industry.
Finally, he stated that Ethereum is the backbone of all NFTs. That is why he concluded by stating how important the features from altcoins, smart contracts, cryptos, NFTs and more projects are. He emphasized above all that these contribute to the success of the industry by providing a long-term foundation for our entire k-system.
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