Veteran crypto investor Chris Buriske believes that Bitcoin (BTC) and Crypto are in the middle of a mid-cycle correction, similar to what was observed almost four years ago.
Burnish tells Are 319,600 followers on the social media platform X that Bitcoin seems to be in the same phase as the April 2021 correction, when BTC printed a MiddenCyclustop before he rose to new record heights towards the end of the year.
“I don’t think this is a sign of Cyclustop, but rather a mid-bull pullback that causes everyone to question God. Feels much more like April, May, June 2021 for me, where things fell 50-80%, depending on the coin (BTC depicted), many said it was over, top callers gloated, and then we tore in 2h ’21 . “
Burniske, a partner at venture capital company Placolder, separate The current crypto correction will probably be forgotten because he expects the market to eventually witness a new leg.
“The funny thing with the destruction of mid -2021 is that many people don’t remember. They will be like: “2021 was great, we pumped all year round!” A full year, even a bull, is never without significant volatility – if it were, it would be too easy. “
The investor too separate That Bitcoin, Ethereum (ETH) and Solana (Sol) do well from a long -term perspective.
“BTC is fine, ETH is fine, Sol is fine.
Some quality names are undoubtedly stretching, but there is a chance in wreck. “
At the time of writing, Bitcoin acts for $ 96,747, Ethereum for $ 2,644 and Solana for $ 201.50.
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