ShapeShift CEO: Bitcoin Bear Market Isn’t Over Yet, But Accumulate Now216.56

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.

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.

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