CandleFocus Ex-ARK Invest analyst warns against overhyping $10t crypto market cap targets
2024-12-06
Author: Content Editor
Chris Burniske, partner at Placeholder and former analyst at ARK Invest, has warned crypto investors against overhyping market targets. He believes that if the $10 trillion market cap is the target for this cycle, it is likely to fall short. Burniske emphasized the importance of a realistic approach and profit-taking as Bitcoin reached $100,000. He recommended taking profits between $3 trillion and $10 trillion, stating that no one has ever lost money by taking profits. Burniske also urged investors to balance their financial goals with life priorities and enjoy returns rather than striving for perfection. As of now, Bitcoin is trading at $98,067 and the total crypto market capitalization is $1.94 trillion.
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