$56,000 Bitcoin Bottom? Burniske Thinks The Market Still Has To Break
Placeholder VC’s Chris Burniske sees one of the best long-term setups for Bitcoin building in the background – but he is clear that the real opportunity likely lies lower, with a potential test of levels near $56,000 still ahead. On X, Burniske argues that the current sentiment environment is exactly what eventually produces outsized returns, while warning that it is still early for aggressive deployment. “There’s so much pessimism and short-term thinking on crypto assets these days that the R/R is tilting towards optimism and long-term, sized, high-conviction positions in distressed,....
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Profit-taking investors are probably enjoying as Ethereum rises to a new all-time high while some await a price correction to accumulate holdings. Price corrections and bottoms are, after all, inherent for cryptocurrencies, Ethereum inclusive. However, Chris Burniske, a partner at Placeholder VC, tells his Twitter followers to surrender expectations for a price correction on Ethereum. In his tweet, the venture capitalist said Ethereum is gearing up for a massive long-term rally. Burniske was the analyst who correctly predicted the November 2022 crypto assets bottom. He noted that....
In a recent post, investor Chris Burniske expressed the belief that a bottom is looming for the top cryptocurrencies. Burniske predicts that Bitcoin and Ethereum could dip as low as $20,000 and $1,000, respectively, with top altcoins, except Solana (SOL), hitting new lows. Notably, BTC retraced from $28,000 to slightly above $27,600, with ETH seeing a similar decline in the past few days. Crypto Analysts Predicts Market Bottom Ahead Of Bull Run According to the founder of Placeholder Capital, Chris Burniske, a bull market will likely begin soon. However, the analyst believes the upcoming....
Bitcoin (BTC) and Ether (ETH) could be on the verge of significant price adjustments, according to insights shared by prominent crypto venture capitalist Chris Burniske. Burniske, the founder of Placeholder Capital, on the social media platform X offered a unique perspective on the current state of the cryptocurrency market, suggesting that a phase of selling […]
Placeholder co-founder Chris Burniske said in a Nov. 20 interview with Real Vision’s Raoul Pal that he holds a core Zcash position he “will never sell,” explicitly likening it to his long-term Bitcoin stash, even as he cautioned that ZEC’s current rally is not yet a proven structural breakout. Pal opened by questioning whether Zcash’s […]
By the time Cameron and Tyler Winklevoss receive a final decision from the SEC on their long-proposed bitcoin exchange-traded fund (ETF), a new president will be leading the US. Though an earlier 10th January deadline would have placed the decision by the SEC to approve or disapprove the Winklevoss brothers' request, paperwork filed today now extends the deadline to 11th March. While the extension isn't a surprise, one industry observer thinks the transition of power may have made it essential. Blockchain products lead at ARK Investment Management, Chris Burniske, said that SEC chair Mary....