Prominent venture capitalist Chris Burniske believes that the cryptocurrency market still has more time before experiencing a significant correction. He predicts that the inauguration day of President-elect Donald Trump will be a sell-on-news event, causing a temporary market shakedown. However, Burniske emphasizes that this correction will not mark the end of the crypto bull market. While he previously predicted that the total market cap of digital assets would reach $10 trillion this cycle, Burniske now believes that this target will likely not be achieved. He advises investors to be realistic and cautious, urging them to take profits during market frenzies and live their lives. At present, the total crypto market cap stands at $3.865 trillion.
- Content Editor ( dailyhodl.com )
- 2024-12-08
Investor Chris Burniske Warns of Crypto Shakedown Event, Says Market Entering Period of Increasing Frenzy