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Chris Burniske

All articles tagged with #chris burniske

cryptocurrency2 years ago•1 min saved

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.

via Decrypt|

#bitcoin #chris-burniske #crypto

cryptocurrency2 years ago•0 min saved

Bitcoin's Price Outlook: Potential Fall to Mid-$20K Range Before Rebound

Chris Burniske, partner at Placeholder and former crypto lead at Ark Invest, predicts that bitcoin could drop to the $30,000-$36,000 range and potentially test the mid-high $20,000 area before moving towards a new all-time high. He advises patience due to expected volatility and warns of a precarious macro outlook. Despite a recent 5% rally, bitcoin had previously fallen nearly 20% to under $40,000 following the opening of spot bitcoin ETFs on Jan. 11. Burniske emphasized that he is not majorly de-risking, but rather assessing the situation and preparing for potential market movements.

via CoinDesk|

#bitcoin #chris-burniske #cryptocurrency

cryptocurrency2 years ago•1 min saved

Solana (SOL) Poised to Surpass Ethereum (ETH) in Market Expansion

Venture capitalist Chris Burniske predicts that Solana (SOL) is poised to outperform Ethereum (ETH) in the next market expansion, citing Solana's reclaiming of the 0.01 ETH level and potential to hit 0.02 ETH. Burniske clarifies that his prediction is not a critique of Ethereum and expresses bullishness on both ETH and SOL. He attributes Solana's potential success to its lower transaction fees, higher throughput, and signs of a new product cycle. Solana has experienced a significant decrease in value since its all-time high in November 2021.

via The Daily Hodl|

#chris-burniske #crypto-market #cryptocurrency

cryptocurrency2 years ago•2 min saved

Ethereum's Shanghai Upgrade and Price Targets: What Traders Need to Know.

Venture capitalist Chris Burniske predicts a massive long-term rally for Ethereum, with the cryptocurrency rising to a new all-time high and printing gains of over 438%. Burniske believes that short-term pullbacks are possible, but he doesn’t think the asset class will witness steep drawdowns anytime soon. He also says the recent enforcement actions against big players in the space like Binance are giving crypto free exposure.

via The Daily Hodl|

#binance #chris-burniske #crypto-markets