Are you shocked to see the price of Bitcoin (BTC) take a nosedive since the historic approval of long-awaited crypto spot ETFs? 

Well, it’s going to fall a lot further, according to one expert. 

Echoing comments this week from mega-rich crypto trader Arthur Hayes—Chris Burniske, partner at venture capital firm Placeholder—said that BTC could keep dipping. 

The reason? Burniske on Friday wrote on Twitter that it comes down to “macro adoption [and] new product development.”

“Bitcoin [will go] to at least $30-36K before a local bottom, and [I] wouldn’t be surprised if we test the mid-to-high 20s before all is said and done,” he said. 

Go to Source to See Full Article
Author: Mathew Di Salvo

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details