According to PANews, Placeholder partner Chris Burniske expressed skepticism about the crypto market reaching a $10 trillion valuation in the current cycle. He noted that while this figure serves as a motivational target during market lows, it is crucial to remain rational as the market heats up. Burniske referenced 2021 as a cautionary example, when widespread expectations predicted Bitcoin would hit $100,000 and Ethereum $10,000, yet they peaked at approximately $70,000 and $5,000, respectively.
Burniske advised investors who bought in when the market cap was below $1 trillion and are aiming for the $10 trillion mark to consider taking profits incrementally between $3 trillion and $10 trillion. He emphasized that "nobody loses by taking profits," and unrealized gains during a market rise are merely psychological discomfort. Burniske cautioned against striving for perfection, warning that doing so could lead to missed opportunities.
