{"id":18093,"date":"2023-02-26T14:07:04","date_gmt":"2023-02-26T14:07:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-vc-exec-on-bulls-case\/"},"modified":"2023-02-26T14:07:04","modified_gmt":"2023-02-26T14:07:04","slug":"crypto-vc-exec-on-bulls-case","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-vc-exec-on-bulls-case\/","title":{"rendered":"Crypto VC exec on bulls&#8217; case"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677415528781-0c7398dc-7022-49c2-8a01-49f17ee6e2f7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677415528781-0c7398dc-7022-49c2-8a01-49f17ee6e2f7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677415528781-0c7398dc-7022-49c2-8a01-49f17ee6e2f7-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677415528781-0c7398dc-7022-49c2-8a01-49f17ee6e2f7-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Chris Burniske says Ethereum could outperform Bitcoin in March due to the Shanghai upgrade.<\/li>\n<li dir=\"ltr\">Burniske is a partner at crypto-focused VC Placeholder and formerly of ARK Invest (crypto division).<\/li>\n<li dir=\"ltr\">According to the investor, pullbacks are likely to remain \u201cwithin current uptrend.\u201d<\/li>\n<\/ul>\n<p dir=\"ltr\">Chris Burniske, partner at venture capital firm Placeholder and former head of crypto ARK Invest, is bullish on crypto going into March.<\/p>\n<p dir=\"ltr\">The investor believes the recent flip in sentiment has not resulted in deeper rot for major cryptocurrencies, despite the weakness seen across stocks amid investor anxiety over interest rates.<\/p>\n<p dir=\"ltr\">In a tweet posted this weekend, Burniske said the outlook is mostly bullish as recent pullbacks have been largely mild.<\/p>\n<p dir=\"ltr\">\u201c<em>From where I sit, I\u2019m surprised crypto hasn\u2019t pulled back more given weakness in equities and upward repricing in rates \u2014 bullish<\/em>,\u201d he noted.<\/p>\n<h2 dir=\"ltr\">Ex-ARK Invest head of crypto shares Ethereum and Bitcoin price predictions<\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> and <a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum<\/a> have both retreated from year-to-date highs, from above $25k and $1.7k respectively.\u00a0<\/p>\n<p dir=\"ltr\">As noted above, the leading digital assets by market capitalization have given up the recent gains amid continued jitters over US inflation data. Buy-side volume has also tanked on shifting sentiment around the regulatory environment in the United States returned sell-off pressure across the markets. \u00a0<\/p>\n<p dir=\"ltr\">But while Bitcoin has <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-bounces-off-23k-support-as-stocks-fall-on-hot-pce-data\/\">retraced to support<\/a> around $23,000 and Ethereum continues to hover around $1,600, the crypto bull says any further losses in the short term are likely to be \u201cwithin the current uptrend.\u201d<\/p>\n<p dir=\"ltr\">\u201c<em>To those saying some version of \u201cjust wait,\u201d sure we could pull back a bit more, but calls for new lows anytime soon are silly. Pullbacks are consolidation within the current uptrend, imo<\/em>,\u201d the investor <a href=\"https:\/\/twitter.com\/cburniske\/status\/1629284389006999553\" rel=\"noopener noreferrer\" target=\"_blank\">added<\/a>.<\/p>\n<p dir=\"ltr\">In terms of <a href=\"https:\/\/coinjournal.net\/price\/predictions\/\">price prediction<\/a> for the top two coins, Burniske thinks Ethereum will outperform Bitcoin in March. According to him, ETH is likely to gain fresh momentum from the highly anticipated Shanghai upgrade, which is expected to drive staking flows.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A guess: <\/p>\n<p>-January <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> beasted, led the rest<br \/>-February we mostly consolidated <br \/>-March <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> beasts, leads the rest with Shanghai upgrade driving ETH staking flows<\/p>\n<p>\u2014 Chris Burniske (@cburniske) <a href=\"https:\/\/twitter.com\/cburniske\/status\/1629170277707059200?ref_src=twsrc%5Etfw\">February 24, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">The outlook is supported by on-chain data, which shows new value sent to the ETH 2.0 deposit contract continues to rise.\u00a0<\/p>\n<p dir=\"ltr\">Crypto analytics firm Santiment recently shared a chart <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1629424881744969731\" rel=\"noopener noreferrer\" target=\"_blank\">showing<\/a> that the number of newly staked coins rose a 5-month high count earlier this week.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8 <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> New Value Added to the ETH 2.0 Deposit Contract just reached a 5-month high of $69,991,765.78<\/p>\n<p>Previous 5-month high of $62,631,647.91 was observed on 23 January 2023<\/p>\n<p>View metric:<a href=\"https:\/\/t.co\/0FBplusJVM\">https:\/\/t.co\/0FBplusJVM<\/a> <a href=\"https:\/\/t.co\/eKJuqYojRG\">pic.twitter.com\/eKJuqYojRG<\/a><\/p>\n<p>\u2014 glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1629424881744969731?ref_src=twsrc%5Etfw\">February 25, 2023<\/a><\/p>\n<\/blockquote>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/btc-and-eth-hold-onto-support-as-vc-exec-maintains-bullish-prediction\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Chris Burniske says Ethereum could outperform Bitcoin in March due to the Shanghai upgrade. Burniske is a partner at crypto-focused VC Placeholder and formerly of ARK Invest (crypto division). According to the investor, pullbacks are likely to remain \u201cwithin current uptrend.\u201d Chris Burniske, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18094,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18093"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=18093"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/18093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/18094"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=18093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=18093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=18093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}