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Famous cryptocurrency investor Chris Burniske suggested that Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and the rest of the cryptocurrency market are preparing for a significant rise. Burniske predicts that the cryptocurrency market will make a strong breakout with upcoming developments.
“Bitcoin, Solana, and Ethereum Trio Signal Major Rally”
Former ARK Invest crypto head Burniske shared several key developments on his social media platform X, indicating that the cryptocurrency market is on the verge of a major rally.
Burniske, a partner at the venture capital firm Placeholder, noted that the launch of Ethereum-based exchange-traded funds (ETFs), Donald Trump’s upcoming speech at a Bitcoin event, and the current state of BTC, ETH, and SOL charts signal a significant rise for the cryptocurrency market. The cryptocurrency investor stated, “Considering the launch of Spot Ethereum ETFs, Trump’s speech at The Bitcoin Conference, and the current state of BTC, ETH, SOL charts, it’s hard not to see a significant rise next week.”
According to a recent Reuters report, spot Ethereum ETFs have received preliminary approval in the US, and these ETFs are planned to be launched and open for trading on July 23. Moreover, The Bitcoin Conference, where Trump will speak, is scheduled for July 25-27.
Additionally, Burniske mentioned that he is closely following the Move ecosystem developed by Meta and Layer-1 Blockchain networks like Sui (SUI) and Aptos (APT) derived from this ecosystem. He emphasized that these developments offer significant insights into the future of the crypto market.
10 Trillion Dollar Prediction
Burniske also predicts that the total market value of cryptocurrencies will eventually reach 10 trillion dollars. He stated that currently, 23% of this target has been achieved, with the market value reaching approximately 2.2 trillion dollars.
According to data provided by CoinMarketCap, the total value of the cryptocurrency market at the time of writing is around 2.43 trillion dollars.
