Bitcoin Price Set for Breathtaking Moonshot on the Back of Rising U.S. Debt, Says ShapeShift CEO Erik Voorhees30.71

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.

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.

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