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Investment Expert Addresses Crypto Bulls: Get Ready to Drool! - Coin Bulletin
Placeholder partner and former ARK Invest analyst Chris Burniske expressed that the current correction in the crypto market presents a great entry opportunity for long-term investors.
Burniske stated that Bitcoin (BTC) probably hit bottom levels during the bull run and many 'quality altcoins' suffered serious value losses, stating that this creates an attractive opportunity for crypto bulls.
In his statement, Burniske said, “I like the current state of the market. Bitcoin is giving PTSD (post-traumatic stress disorder) to many investors because it has already filled the liquidation fuse while people were expecting a bigger drop, and it has declined by about 15% from its recent peak. However, quality altcoins are making higher lows or maintaining their position in many important timeframes.”
Burniske also stated that the recent market downturn is temporary and all the positive developments in the fourth quarter of 2024 are currently overshadowed by the fear in the market. "The market is always unpredictable and volatile in the short term. However, if you are a long-term investor with strong conviction, you should be drooling in this environment."
It can surpass Solana, Bitcoin, and Ethereum
Burniske noted that Solana (SOL) appears ready to outperform Bitcoin and Ethereum (ETH). He expressed that he expects Solana to be the "fast horse" among the three major crypto assets, pointing out SOL's rapid recovery and growth potential.