I just saw that Erik Voorhees recently invested nearly $20 million in ETH. He bought almost 10,000 tokens at an average price of $2,057. For those who don’t know, Erik Voorhees is one of the earliest Bitcoin evangelists and the founder of ShapeShift, so this guy knows his stuff when it comes to cryptocurrencies.

What’s interesting is that a year ago, he sold over 11,000 ETH at $2,922 each, netting around $34 million. Now he’s buying at a lower price. I don’t know, maybe he sees an opportunity or he’s just rebalancing his portfolio. With Erik Voorhees, you never know if it’s a strategic move or what. But when someone of that caliber moves like this in the market, there’s always something behind it.

Most people don’t even notice these big moves until they see them on-chain. Erik Voorhees is definitely no rookie, so he probably knows something we don’t. What do you guys think, is it a buy or speculation?