Ethereum
Bitcoin, Ethereum, Solana and Crypto Markets Look Set to ‘Send’ as Stars Align, Says Investor Chris Burniske
Cryptocurrency investor Chris Burniske claims that Bitcoin (Bitcoin), Ethereum (ETH), Solana (GROUND) and the cryptocurrency market in general appear poised for a leap forward.
Former Head of Crypto at ARK Invest tell his 292,200 followers on social media platform X that several catalysts are now aligning, suggesting that digital asset markets are poised for a rally.
According to Burniske, a partner at venture capital firm Placeholder, 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 major bullish trend for the cryptocurrency markets.
“With ETH ETFs set to launch, Trump speaking at the Bitcoin conference, and the BTC, ETH, SOL charts looking like [they do] (while stocks are weak), it’s hard to imagine a world in which we don’t ship next week.
Reuters recently reported reported that preliminary approval for ETH ETFs has been granted as the Bitcoin conference is scheduled to take place from July 25-27.
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 to his prediction that the total crypto asset market cap will eventually reach $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 said In an interview with Real Vision CEO Raoul Paul, he said he is closely monitoring the Move ecosystem, which was initially built by social media giant Meta and then used to develop Sui (I HAVE) and Aptos (APT).
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