Investor Chris Burniske Warns of Crypto Shakedown Event, Says Market Entering Period of Increasing Frenzy
Venture capitalist Chris Burniske thinks crypto has more time before the market witnesses a deep deleveraging event.
The crypto veteran tells his 312,000 followers on the social media platform X that he thinks the inauguration day of President-elect Donald Trump will be a sell-on-news event.
But Burniske clarifies that his expected correction on January 20th will likely not mark the end of the crypto bull market.
“Dream the post-election dream now, shakedown after. Inauguration makes most sense as reality can never match the dream. But that shakedown won’t be the end, though it will scare paper hands into believing it is.”
In November of 2022 just as Bitcoin (BTC) and crypto were carving a cycle bottom, Burniske
