Venture capitalist Chris Burniske has made waves in the crypto world by accurately predicting the market bottom in November 2022. Now, with over 258,000 followers, he is extremely bullish on Ethereum.
Burniske believes there is a high chance that Ethereum will hit a new all-time high, which means the coin could rise by 438 percent from its current value. “For the haters who were negative on Ether at $1, $10, $100, and $1,000 but refuse to change their mind based on data, see you at Ethereum’s $10,000 price point,” Burniske said.
The investor expects Ethereum to reach this price level by 2025, which would be a welcome development for the market after the disappointing year of 2022, where many investors lost large amounts of money.
Burniske acknowledges that there may still be some short-term corrections, but he doesn’t believe we will go back into a bear market. “We will definitely have small corrections, but if you’re waiting for mega liquidations and capitulation, you’ll have to wait until after the next bull market,” Burniske writes.
Burniske notes that sentiment in the market is still too negative, but he is confident that things will turn around soon. “I love seeing how few people are bullish right now – the trauma of 2022 runs deep. We’ll see each other again at higher prices, gentlemen and ladies,” Burniske adds.
While nothing is certain in the world of crypto, Burniske’s confidence in the future of Ethereum is encouraging. A $10,000 Ethereum price point may seem far-fetched now, but 2025 is just around the corner. Let’s see if the bullish momentum of the first few months of 2023 continues in the crypto market.
Disclaimer: This blog post is not financial advice and may contain errors. Please do your own research before investing in cryptocurrencies