Former ARK Invest Head Sees Upward Reversal for Crypto Markets: Time To Start Accumulating?
Portfolio Pulse from Murtuza Merchant
Chris Burniske, former head of crypto at ARK Invest and current partner at Placeholder, suggests that the digital asset markets might be on the brink of an upward reversal. Despite the bearish outlook in the crypto community, Burniske believes that any further market dip would be minor compared to the recent decline. He also expressed confidence in the long-term trajectory of major cryptocurrencies like Bitcoin, Ethereum, and Solana, predicting they are unlikely to hit new lows in 2023.
August 28, 2023 | 5:52 pm
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POSITIVE IMPACT
Chris Burniske predicts that Bitcoin is unlikely to hit new lows in 2023 and suggests an upward market reversal.
Burniske's prediction of an upward market reversal and his belief that Bitcoin won't hit new lows in 2023 could potentially boost investor confidence and positively impact Bitcoin's price in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chris Burniske predicts that Ethereum is unlikely to hit new lows in 2023 and suggests an upward market reversal.
Burniske's prediction of an upward market reversal and his belief that Ethereum won't hit new lows in 2023 could potentially boost investor confidence and positively impact Ethereum's price in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Chris Burniske predicts that Solana is unlikely to hit new lows in 2023 and suggests an upward market reversal.
Burniske's prediction of an upward market reversal and his belief that Solana won't hit new lows in 2023 could potentially boost investor confidence and positively impact Solana's price in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100