Placeholder Partner: Bitcoin is expected to drop to $30,000 to $36,000

On January 26th, Chris Burniske, former head of Ark Invest's cryptocurrency division and current partner at Placeholder VC, stated on social media that he believes Bitcoin may drop to a range of $30,000 to $36,000 or test the range of $20,000 to $30,000. He warns about market volatility and potential breakouts. Currently, there appear to be many uncertainties at the macro level. While new product innovations are forthcoming, they have not yet fully materialized. Chris Burniske advises patience and continues to hold cryptocurrency assets.