The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Venture Capitalist Who Called Crypto Bottom Says Markets About To Reverse Amid Overly Bearish Sentiment

by Daily Hodl Staff
August 28, 2023
in Bitcoin, Trading

Crypto investor Chris Burniske says that sentiment is signaling that digital asset markets are gearing up for a reversal to the upside.

Burniske tells his 262,000 followers on the social media platform X that a credit-induced correction could send markets lower.

However, the investor says that in the grand scheme of things, the correction will likely be just another bump in the road for crypto.

“Getting close to people being too consensus bearish – everyone timid. Perhaps we get a credit event and flush, but in the context of how far we’ve already fallen, it’ll likely be minor. To be honest, I wouldn’t be surprised to instead get some upside surprise that catches people off guard.

Either way… [I’m] comfy, long, [and] accumulating.”

Burniske, the former head of crypto at ARK Invest and current partner at venture capital firm Placeholder, recently warned of “bottom vultures,” or those who are calling for lower prices but with no intention of going long anyway.

“While 2019 is useful context, I don’t think BTC, ETH and SOL make new lows in 2023 – 2022 was the low in my opinion.

That doesn’t mean we don’t take a punch, but if right, it means the long-term uptrend will continue into 2024 and 2025 – be wary of bottom vultures that’ll never buy.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Klavdiya Krinichnaya

Generated Image: DALLE-2

Submit a Press Release

Industry Announcements

  • AB DAO and AB Charity Foundation Join Forces To Build a Trustworthy Infrastructure and Promote Global Philanthropic Transformation
    May 12, 2025
  • Sonic Labs Announces $10 Million Token Sale to Galaxy for US Expansion
    May 12, 2025
  • New Purpose-Built Blockchain T-Rex Raises $17 Million To Transform Attention Layer in Web 3.0
    May 8, 2025
  • Flipster Makes Esports Debut As Official Crypto Exchange Partner of TALON’s Dota Two Team, Powering a New Era of Fan Engagement
    May 7, 2025
  • Bybit Bounces Back – Kaiko Validates Fast Liquidity Recovery Post $1.5 Billion Hack
    May 7, 2025
  • ProMeet Unveils the Promeeters Program To Boost Influencer Impact and Long-Term Earnings
    May 6, 2025
  • DogeOS Raises $6.9 Million in Funding Round Led by Polychain Capital To Launch Dogecoin App Layer
    May 6, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$102,427.44
$102,427.44
1.47%
Ethereum
$2,447.93
$2,447.93
1.97%
BNB
$647.60
$647.60
1%
Solana
$169.61
$169.61
2.83%
XRP
$2.48
$2.48
3.93%

Spotlight

  • Big Week Coming for Bitcoin As BTC Flashes ‘Ideal’ Build Up for Potential Rallies, According to Analyst
    May 5, 2025
  • Cathie Wood Says ‘Suprises to the Upside’ Approaching, Sees Market Shaking Off Headwinds
    May 5, 2025
  • Ethereum ICO Participant Dumps $29,350,000 Worth of ETH After Waking Up From Dormancy: Lookonchain
    May 5, 2025
  • Kraken Catches North Korean Hacker Posing As ‘Steven Smith’ Applying for Job at Crypto Exchange: Report
    May 5, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl