Markets
Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Poised to ‘Send’ as Stars Align, Says Investor Chris Burniske
Cryptocurrency investor Chris Burniske says that Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and the cryptocurrency market in general seem ready to pounce.
Former Head of Cryptocurrency at ARK Invest tells His 292,200 followers on social media platform X indicate that several catalysts are now aligning, suggesting that digital asset markets are on the verge of a recovery.
The highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump’s speech at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest a strong upside for cryptocurrency markets, according to Burniske, a partner at venture capital firm Placeholder.
“With ETH ETFs set to launch, Trump speaking at the Bitcoin Conference, and BTC, ETH, SOL charts looking [they do] (even though stocks are weak), it’s hard to imagine a world where we don’t send money next week.”
Reuters recently reported that preliminary approval has been granted for ETH ETFs while the Bitcoin Conference will be held from July 25 to 27.
At the time of writing, BTC, ETH, and SOL are trading at $67,333, $3,528, and $174, respectively.
The venture capitalist too provides an update on his prediction that the total cryptocurrency market cap will eventually hit $10 trillion. According to his chart, the road to $10 trillion is currently “23%” complete as it sits around $2.2 trillion.
Source: Chris BurniskeX
Earlier this month, Burniske She said in an interview with Real Vision CEO Raoul Paul, who is keeping a close eye on the Move ecosystem, originally created by social media giant Meta and then used to develop layer 1 blockchain Sui (ABOUT) and Aptos (Approval).
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