Chris Burniske, the venture capitalist who probably has a crystal ball hidden in his desk drawer, says the crypto market could pull a 180 in just one day. 🎢 Because, you know, that’s how financial markets work – unpredictable, dramatic, and occasionally fueled by caffeine and desperation.
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View Urgent ForecastIn a tweet to his 324,300 followers (because apparently, we’re all just waiting for his hot takes), Burniske claims he’s seeing “signs of life” in longtail cryptocurrencies. 🧟♂️ Translation: altcoins that are so far out on the risk curve, they’re basically the financial equivalent of a daredevil stunt.
“Starting to see strong signs of life in long tail crypto assets – this signal doesn’t always have follow through, but it tells me people want to take risk again as the majors consolidate…
All it takes is one day for short-to-medium sentiment (and flows) to turn.”
Burniske also notes that Bitcoin, the OG of crypto, seems to follow global liquidity trends – but with the speed of a sloth on a treadmill. 🐌
“BTC follows liquidity, but with a lag.”
Earlier this month, Burniske doubled down on crypto, calling it the “fastest horse in finance” 🏇 – which, let’s be honest, is a bold claim for an asset class that’s currently limping like it just ran a marathon in flip-flops. He also warned crypto bulls not to panic sell, because apparently, that’s what amateurs do. 🙃
“Selling here is unlikely to be a good idea if you’re wavering – because if you’re selling here, it also tells me you’re prone to get sidelined on the way up.
At worst, just sit on your hands, don’t even look at prices if it helps and you’re not going to do anything anyway. If you have any dry powder left, add bits here and there if things look really attractive to you, or when you feel sickest. [Not financial advice], just sharing my two sats.”
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2025-03-24 18:13