Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Vae embraces Bitcoin, Ibit attracts $ 1B: a global BTC shift that unfolds?

2025-05-10

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

2025-05-10

XRP, Pepe Rebound underway, but Cardano and this Defi -Token look stronger: Rexas Finance

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

    2025-05-10

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10

    Partially completed Wave 5 says there is still room to run

    2025-05-10

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Venture Capitalist Issues BTC Warning, Says Spot Bitcoin ETF Approval Is An Event That Will Fade – Here’s Why
Analysis

Venture Capitalist Issues BTC Warning, Says Spot Bitcoin ETF Approval Is An Event That Will Fade – Here’s Why

2023-12-07No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A prominent digital asset venture capitalist believes that the adoption of a Bitcoin (BTC) exchange-traded fund (ETF) on the spot market could cause the king crypto to fall.

Chris Burniske, the founder of Placeholder Capital, tells According to his 268,800 followers on social media platform term causes. term.

He also believes a rejection would lead to a sellout.

“That said, I still think the approval period for BTC ETF around January 10, 2024 is a blur:

  • Rejections: Sale.
  • Approvals: Everyone who is going to buy bought in anticipation.

It will take time to turn on the marketing machines of TradFi giants (traditional financial companies) and convert the approvals into buying flows.

Fade away.”

The trader warns that Bitcoin’s uptrend could fall like in 2019 after a strong rise, possibly in the first quarter of next year.

“I see we’re in a full-send rotation game, I’ve lost track of how much beer everyone has deep. That’s difficult, but the drinking can easily continue into January. My base scenario is still in play.

“If BTC and ETH break here, and everything else follows, we could be looking at a repeat in mid-2019 – just high enough to make people believe that maybe, just maybe, new ATHs (all-time highs) are around are the corner, before enduring a final wipeout (Q1 ’24?) and moving solidly higher [price] lows. ”

The trader too say that it may still be a while before blockchain use cases alone can trigger a bull cycle.

“I don’t think we’re ready for a full-on bull-bull on the product front, because there’s still some polishing and shipping to be done on UX (user experience) and new apps, to usher in the next order of magnitude of users . Nice things are coming up, but not enough in number or scale. The coming quarters will change that.”

Bitcoin is trading at $43,932 at the time of writing, up slightly in the past 24 hours.

See also  Crypto analyst breaks down Bitcoin (BTC), Chainlink (LINK), and one top XRP rival

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

follow us on Tweet, Facebook And Telegram

Surf to the Daily Hodl mix

Generated image: DALLE3



Source link

Approval Bitcoin BTC Capitalist ETF Event fade Heres Issues Spot venture Warning
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Vae embraces Bitcoin, Ibit attracts $ 1B: a global BTC shift that unfolds?

2025-05-10

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

2025-05-10

Is Bitcoin price on its way to $ 137K? Markt -Expert says that BTC broke out since November 2024

2025-05-10

JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Crypto bull market much closer than we realize, warns analyst Jason Pizzino

2024-12-27

Due diligence on crypto staking providers

2023-10-14

What is Solana?

2023-10-07
Editors Picks

Avalanche’s daily registrations reached 6,000 – identifying the reasons behind the tree

2025-03-08

XRP Price Drops to Crucial Support: Can It Cause a Turnaround?

2024-12-19

Terminus and SFT protocol unite to redefine Web3 infrastructure

2025-04-18

Ethereum-linked coins are taking the lead as the altcoin market recovers

2024-01-11
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Vae embraces Bitcoin, Ibit attracts $ 1B: a global BTC shift that unfolds?

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

XRP, Pepe Rebound underway, but Cardano and this Defi -Token look stronger: Rexas Finance

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,201.441.30%
  • ethereumEthereum(ETH)$2,534.718.73%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.423.51%
  • binancecoinBNB(BNB)$663.65-0.55%
  • solanaSolana(SOL)$179.174.58%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.24907222.27%
  • cardanoCardano(ADA)$0.826.32%
  • tronTRON(TRX)$0.2645600.94%
  • suiSui(SUI)$4.197.40%
  • chainlinkChainlink(LINK)$17.107.45%
  • avalanche-2Avalanche(AVAX)$25.4710.37%
  • stellarStellar(XLM)$0.3163927.48%
  • shiba-inuShiba Inu(SHIB)$0.00001711.00%
  • hedera-hashgraphHedera(HBAR)$0.2161267.46%
  • hyperliquidHyperliquid(HYPE)$26.387.79%
  • the-open-networkToncoin(TON)$3.537.59%
  • bitcoin-cashBitcoin Cash(BCH)$425.093.45%
  • polkadotPolkadot(DOT)$5.187.47%
  • litecoinLitecoin(LTC)$104.140.52%
  • unus-sed-leoUNUS SED LEO(LEO)$8.21-5.65%
  • moneroMonero(XMR)$325.343.32%
  • bitget-tokenBitget Token(BGB)$4.928.69%
  • pepePepe(PEPE)$0.0000138.94%
  • piPi(PI)$0.776.15%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$7.3714.89%
  • bittensorBittensor(TAO)$462.638.34%
  • nearNEAR Protocol(NEAR)$3.3315.32%
  • aptosAptos(APT)$6.1210.33%
  • ondo-financeOndo(ONDO)$1.088.64%
  • aaveAave(AAVE)$224.637.17%
  • okbOKB(OKB)$55.801.16%
  • ethereum-classicEthereum Classic(ETC)$20.427.20%
  • internet-computerInternet Computer(ICP)$5.827.57%
  • kaspaKaspa(KAS)$0.1121988.11%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.30-2.70%
  • render-tokenRender(RENDER)$5.4210.11%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2690895.99%
  • crypto-com-chainCronos(CRO)$0.1039012.66%
  • vechainVeChain(VET)$0.0319356.99%
  • gatechain-tokenGateToken(GT)$22.310.26%
  • mantleMantle(MNT)$0.782.16%
  • ethenaEthena(ENA)$0.42091116.33%
  • arbitrumArbitrum(ARB)$0.46960025.29%
  • algorandAlgorand(ALGO)$0.2510158.63%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.897.78%
  • filecoinFilecoin(FIL)$3.216.38%
  • bitcoinBitcoin(BTC)$104,201.441.30%
  • ethereumEthereum(ETH)$2,534.718.73%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.423.51%
  • binancecoinBNB(BNB)$663.65-0.55%
  • solanaSolana(SOL)$179.174.58%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.24907222.27%
  • cardanoCardano(ADA)$0.826.32%
  • tronTRON(TRX)$0.2645600.94%
  • suiSui(SUI)$4.197.40%
  • chainlinkChainlink(LINK)$17.107.45%
  • avalanche-2Avalanche(AVAX)$25.4710.37%
  • stellarStellar(XLM)$0.3163927.48%
  • shiba-inuShiba Inu(SHIB)$0.00001711.00%
  • hedera-hashgraphHedera(HBAR)$0.2161267.46%
  • hyperliquidHyperliquid(HYPE)$26.387.79%
  • the-open-networkToncoin(TON)$3.537.59%
  • bitcoin-cashBitcoin Cash(BCH)$425.093.45%
  • polkadotPolkadot(DOT)$5.187.47%
  • litecoinLitecoin(LTC)$104.140.52%
  • unus-sed-leoUNUS SED LEO(LEO)$8.21-5.65%
  • moneroMonero(XMR)$325.343.32%
  • bitget-tokenBitget Token(BGB)$4.928.69%
  • pepePepe(PEPE)$0.0000138.94%
  • piPi(PI)$0.776.15%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$7.3714.89%
  • bittensorBittensor(TAO)$462.638.34%
  • nearNEAR Protocol(NEAR)$3.3315.32%
  • aptosAptos(APT)$6.1210.33%
  • ondo-financeOndo(ONDO)$1.088.64%
  • aaveAave(AAVE)$224.637.17%
  • okbOKB(OKB)$55.801.16%
  • ethereum-classicEthereum Classic(ETC)$20.427.20%
  • internet-computerInternet Computer(ICP)$5.827.57%
  • kaspaKaspa(KAS)$0.1121988.11%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.30-2.70%
  • render-tokenRender(RENDER)$5.4210.11%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2690895.99%
  • crypto-com-chainCronos(CRO)$0.1039012.66%
  • vechainVeChain(VET)$0.0319356.99%
  • gatechain-tokenGateToken(GT)$22.310.26%
  • mantleMantle(MNT)$0.782.16%
  • ethenaEthena(ENA)$0.42091116.33%
  • arbitrumArbitrum(ARB)$0.46960025.29%
  • algorandAlgorand(ALGO)$0.2510158.63%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.897.78%
  • filecoinFilecoin(FIL)$3.216.38%