Erik Voorhees Shifts Altcoin Bets After Major ETH-to-BCH Move

On-chain data shows Bitcoin advocate Erik Voorhees shifting his altcoin bets, depositing Ethereum (ETH) worth approximately $4.81 million into THORChain and using it to purchase Bitcoin Cash (BCH).

Rich by Coin

2025-12-25

On-chain data shows that Erik Voorhees, an early supporter of Bitcoin, has shifted his altcoin preferences. According to onchain sources, Erik Voorhees deposited Ethereum (ETH) worth approximately $4.81 million into the THORChain network and subsequently used this ETH to purchase Bitcoin Cash (BCH).

This move underscores growing attention to altcoins among high-profile crypto figures and demonstrates how cross-chain protocols like THORChain enable rapid portfolio rebalancing. It also reflects ongoing experimentation with liquidity-enabled trades in the crypto space. Whether this signals a broader trend remains unclear, but the transaction highlights how individual investors are actively reallocating holdings as market dynamics evolve.