A crypto venture capitalist has predicted that the price of Bitcoin will crash and fall to as low as $25,000. Chris Burniske, the ex-crypto lead at ARK Invest, explained that the drop in price will be due to macro adoption and new product development. He stated that Bitcoin could reach levels as low as $30,000-$36,000 before bouncing back, and that he wouldn’t be surprised if it tested the mid-to-high $20,000s. However, Burniske believes that over the long-term, Bitcoin will continue to rise and eventually reach new all-time highs.
Crypto Expert Predicts Devastating Crash for Bitcoin
Latest from Blog
Silicon Valley Investors Trending Conservative: What’s Prompting the Change?
TLDR: Some prominent Silicon Valley VCs, such as Marc Andreessen and Chamath Palihapitiya, are becoming more conservative and critical of President Biden. David Sacks, a venture capital investor, has shifted his support
Orca AI Secures $23M Funding for Autonomous Shipping Innovation
TechCrunch Article Summary TLDR: Key Points: TechCrunch is part of the Yahoo family of brands They use Cookies to provide sites and apps, authenticate users, apply security measures, and measure usage In
Tel Aviv: A Leading Startup Hub Rising Above Conflict
TLDR: Tel Aviv has more billion-dollar startups than any other city in the world. The city’s tech hub continues to outperform other global tech hubs despite conflict and political issues. In a
Private Market Funds Reach a Whopping $295 Billion Raised
TLDR: Private market funds raised $295bn in Q1 2024, with 521 funds contributing to this total. Fundraising was similar to the previous year, but fund counts dropped significantly. Private equity funds dominated
Top 10 Pharma and Biotech Venture Capital Arms to Watch
TLDR: Key Points Pharma and biotech venture capital arms play a vital role in supporting biotech startups. Companies like AbbVie Ventures, Astellas Venture Management, and JJDC are notable players in the industry.