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Video: Two Bubbles? ShapeShift CEO Talks Crypto Market Prices
ShapeShift CEO Erik Voorhees sits down for a Q&A with CoinDesk on the state of the crypto markets and what's in store for 2018.
By CoinDesk
Updated Sep 13, 2021, 7:20 a.m. Published Jan 3, 2018, 3:00 a.m.
This article is an entry in CoinDesk's Most Influential in Blockchain 2017 series.
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Are cryptocurrencies in a bubble?
According to Erik Voorhees, we might be in two. In a video interview from his company's headquarters, the ShapeShift CEO sits down for a Q&A session to talk crypto asset valuations, lesson learned from the emerging market and the mistakes he's made as a crypto investor.
Notably, Voorhees believes potential buyers should consider bitcoin and alternative cryptocurrencies as separate markets, ones that won't necessarily rise and fall together. Both may be overvalued, but both have their long-term potential as well.
Read our full profile or hear Erik in his own words below:
Video by Ali Powell at 40 Thieves Films.
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What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
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