According to Odaily, Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, shared his insights on the X platform. Burniske noted that despite Bitcoin (BTC) and Ethereum (ETH) being in a consolidation phase, the market sentiment feels as if Satoshi Nakamoto has passed away. However, he pointed out that the long-tail market is showing strong signs of growth.
Burniske emphasized that blockchain technology is gradually integrating into various aspects of society. Although progress may seem slow to those who are impatient, he remains confident about a bright future. He highlighted that mainstream cryptocurrencies are still within the same range as the first quarter of 2024. Infrastructure is continuously maturing, and application experiments are expanding in both variety and geographical scope. Despite this, market sentiment is entirely different from the first quarter, which he described as wonderful. Burniske advised not to be frightened by the current market conditions.
