Venture capitalist Chris Burniske says crypto investors with long-term conviction should be champing at the bit to enter the market amid the correction.
Burniske, former analyst at Cathie Wood’s ARK Invest and current partner at Placeholder, says Bitcoin (BTC) has likely already printed its lows for the bull run, and given that “quality alts” are down significantly, the Opportunities for crypto bulls are abound.
“I like the current market situation. BTC is raising fears of a precipice for PTSD sufferers (post-traumatic stress disorder) as it has already filled the liquidation wick and fallen as much as around 15% from its recent highs.
Quality levels maintain or reach higher lows over a number of significant time periods. Funding rate and sentiment reveal that the blood has drained from the faces of late-blooming bulls.
Santa provided relief for a day but did not deliver all of it. That said, given all the bullish developments in the fourth quarter that are now masked by undertones of fear in the market, the setup is ideal as we enter 2025. The short term is always unpredictable and volatile, but if you are a long term, futures investor with conviction, you should be salivating.
According to the investor, Solana (SOL) looks set to outperform Bitcoin and Ethereum (ETH). He says he expects SOL to be the “fastest horse” of the three major crypto assets.
At the time of writing, Bitcoin is trading at $93,489, while Ethereum is worth $3,356 and SOL is trading at $190.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
Follow us on XFacebook and Telegram
Surf the daily Hodl mix
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: halfway
