Ex-ARK Analyst Sounds Alarm Over $10T Crypto Market Cap Expectations
As Bitcoin finally surpassed the $100,000 milestone, a wave of optimism swept across the cryptocurrency market.
However, Chris Burniske, a former ARK Invest analyst and current partner at Placeholder, is urging caution among investors, advising them not to get swept up in the hype surrounding a potential $10 trillion crypto market cap.
Bitcoin’s recent surge has reignited discussions about the future of the cryptocurrency market, with some analysts predicting that Bitcoin could reach astronomical valuations. Burniske, however, warns that while the idea of a $10 trillion market cap may be “directionally correct” for the long-term future, the market is unlikely to reach such a high valuation in this cycle.
“People won’t like…
