Burniske, the former head of cryptocurrency at ARK Invest, shared some important developments from his account on social media platform X, suggesting that the cryptocurrency market is on the verge of a major recovery.
As a partner at venture capital firm Placeholder, Burniske announced that the launch of Ethereum-based exchange-traded funds (ETFs), Donald Trump's speech at the upcoming Bitcoin event, and the status The current chart of BTC, ETH, SOL signals a major increase for the crypto market.
“With the launch of the Spot Ethereum ETF, Trump speaking at the Bitcoin Conference, and the current state of the $BTC , ,$ETH ,$SOL charts, it's hard not to see a serious increase next week, ” said the cryptocurrency investor.
According to the latest news from Reuters, preliminary approval for spot #Ethereum ETFs has been received in the United States and these ETFs are expected to be launched and open for trading on May 23. 7. Furthermore, the Bitcoin Conference, where Trump will speak, will be held. on July 25-27.
On the other hand, Burniske added that he is closely following the Move ecosystem developed by Meta and Layer-1 Blockchain technology exchange networks such as Sui (#SUI ) and Aptos (#APT ) which are native to the ecosystem. this attitude. He emphasized that these developments provide important clues for the future of the cryptocurrency market.
Burniske also predicts that the total market value of cryptocurrencies will eventually reach $10 trillion. He stated that currently 23% of this target has been fulfilled and the market value has reached about $2.2 trillion.
