in November bitcoin and cryptocurrenciesAfter the FTX bankruptcy, which caused the latest crash in the market, investors are looking forward to the market going up.
In addition to the rise expectation, investors started to worry about the market after the bankruptcy of a large stock market like FTX.
Evaluating the FTX bankruptcy and the bear market Chris Burniske, former analyst at Ark InvestHe said investors should not worry too much about the market.
Sharing on his Twitter account, Chris Burniske stated that events such as the bear market and the bankruptcy of FTX should not scare investors.
Stating that he sees the light at the end of the bear market, the analyst stated that he believes that crypto will grow again.
According to the analyst, there is a lot of work on the road to growth and growth will take some time.
In this context, instead of focusing on the negatives, Burniske believes that investors and crypto- He thinks his community should take a break for a while, come back when the negatives are gone and crypto starts to grow again.
“There is a lot of negativity in the timeline of crypto. Know that despite the downsides, crypto will grow again.
But there is still a lot of work to be done and this will take time.
I should also add that despite all the negatives in the cryptocurrency market, the technology is still growing tremendously.”
Meanwhile, I should add that beneath the gaze of the surficial eye the tech is growing tremendously.
— Chris Burniske (@cburniske) November 28, 2022
According to Burniske, technology has nothing to do with the market. Because, Burniske said that although the crypto market is currently experiencing short-term negatives, they are temporary and crypto- thinks that it has nothing to do with the core value of the industry and the technologies it provides.
A user commenting on Chris Burniske’s post said that the analyst’s BTC Asked for a price estimate.
“bitcoin What is your 2025 4th quarter target for?” Answering the question, Burniske said, “10x the bottom price of Bitcoin ” said.
~10x from the bottom.
— Chris Burniske (@cburniske) November 28, 2022
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