Bitcoin Watch – ShapeShift CEO: Bitcoin set to boom due to US debt

The high level of US debt is set to lead an in increase in cryptocurrency believes ShapeShift CEO Erik Voorhees. The finance expert said: “When the next global financial crisis occurs, the world will realise organisations with USD20 trillion in debt can’t possibly ever pay it back. Watch what happens to crypto.” Mr Voorhees believes Bitcoin could replace the dollar in the next global crash which would vastly increase the value.

Stay updated here with how the cryptocurrency is tracking: