234: Venture Capitalist Forecasts Bitcoin Burst to $50,000, Says 3,132% Ethereum Rally Will Outshine BTC

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - June 16, 2020 14:10 - 17 minutes - 8.17 MB - ★★★★ - 537 ratings
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Placeholder Capital partner Chris Burniske says he believes a new Bitcoin bull cycle will bring the BTC price to at least $50,000.

Burniske says the prediction is designed to account for Bitcoin’s historic pattern of posting diminishing returns for each subsequent bull run. “Why Bitcoin $50,000?

As discussed in May 2019, if BTC is half as volatile in this cycle as it was in the last, we would still expect it to cross $50K and $1 trillion in network value. $1 trillion has been a long time coming for this macro-asset.”