Crypto investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and the crypto market in general appear poised to make a run.
The former head of crypto at ARK Invest tells According to his 292,200 followers on social media platform
According to Burniske, a partner at venture capital firm Placeholder, the long-awaited launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event and the current state of BTC, ETH and SOL charts all indicate on major bullishness for the crypto markets.
“With ETH ETFs Going Live, Trump Speaking at the Bitcoin Conference, and BTC, ETH, and SOL Charts Looking Like [they do] (while stocks are weak), it’s hard to see a world where we don’t steer next week.”
Reuters recently reported that preliminary approval for ETH ETFs has been granted while the Bitcoin conference is set to take place from July 25 to 27.
BTC, ETH and SOL are trading at $67,333, $3,528 and $174 respectively at the time of writing.
So does the venture capitalist offers an update to his prediction that the total market capitalization of crypto assets will eventually reach $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete as it sits around $2.2 trillion.
Earlier this month, Burniske said in an interview with Real Vision CEO Raoul Paul that he is keeping a close eye on the Move ecosystem, which was originally built by social media giant Meta and then used to build layer 1 blockchains Sui (SUI) and develop Aptos. (APT).
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