Bitcoin's Price Volatility: What's Next for Crypto Investors?

Chris Burniske, a partner at venture capital firm Placeholder, predicts that Bitcoin could drop to at least $30-36K before finding a local bottom, and possibly even test the mid-to-high 20s, citing macro adoption and new product development as reasons. Despite the short-term bearish outlook, Burniske believes that Bitcoin will eventually reach new all-time highs, emphasizing the need for patience due to expected volatility. Following the approval of crypto spot ETFs, Bitcoin's price has taken a hit, currently standing at $42,083, well below its November 2021 all-time high of $69,044.