Chris Burniske, Partner at cryptocurrency focused venture capital company Placeholder, on Monday tweeted regarding the bright side of the current bear market.
Views of Chris Burniske, a partner in crypto VC Placeholder
The crypto venture firm partner’s tweet comes at a time when the whole crypto market is in red. The largest cryptocurrencies like Bitcoin, and Ethereum are already at year low. Bitcoin is currently down to the levels that were last seen in December 2020 and the price of Ethereum is down more than 31% since last Friday.
However, Burniske has found the positive side of the market and tweeted that one benefit of the present crypto bear market is that it provides investors with a second chance to purchase crypto assets that they regretted not purchasing (or purchasing more of) during the crypto bull market.
On the bright side, you get a 2nd shot at everything you missed, and at prices you would’ve pinched yourself to get when you were busy kicking yourself for the miss 😂
— Chris Burniske (@cburniske) June 13, 2022
Although Burniske’s views on the current market may appear harsh to crypto investors suffering from big unrealized losses. As per information, the crypto market has declined to a level below $1 trillion for the first time after January 2021. The recent high of the crypto market was estimated to be $2.9 trillion in November 2021. The investors are suffering a lot in the crypto bloodbath.
Famous personalities sharing positive things in the current crypto bloodbath
Mike Dudas, Founder and General Partner of New York-based venture capital company 6th Man Ventures, stated that, while the crypto market appears to be in a slump, fortunes will be created on reversal.
$eth about to crash back through 2018 high, other l1's nuking
i don't know where it stops, but once it does, fortunes will be made on reversal
amazing how much has been built since 2018: defi, nft's, web3 networks, p2e gaming, dao's, stablecoins, etc.https://t.co/T2pgUJTKzJ
— Mike DAOdas (🏌️♂️, ⛳️) (@mdudas) June 12, 2022
It is worth remembering the views of Robert Kiyosaki, the very successful author of the “Rich Dad Poor Dad”, on Bitcoin shared on May 12 in a series of personal finance books, indicating buying bitcoin in the downturn market to get rich.
Why CRAHES are GOOD: Rich dad taught his son and me “Your profit is made when you buy…not when you sell.” Bitcoin is the future of money. That is why I will back up the truck when the bottom is in. It may be $17k or even lower $11k. Time to get richer is coming. Take care.
— therealkiyosaki (@theRealKiyosaki) May 13, 2022
The other famous person worth to is Roy Blackstone who is the founder of Solstarter, an IDO platform for Solana. On May 20, he tweeted about the value of having diamond hands in times of turmoil and stated to be patient in this market as it’s the time of test and one should believe and hold in the current situation.
It’s gonna hurt.
You will be tested, you’ll wonder if this industry is really worth anything at all.
You’ll want to quit a hundred times.
Most friends will give up & go back to their old lives
But…if you can hold on and believe in yourself – you really are gonna make it. https://t.co/RDrxjyK45D
— Roy Blackstone (@fillbeforeshill) May 20, 2022
