A crypto investor who accurately called the bottom of the bear market last year is doubling down on some of his calls despite plunging markets.
Chris Burniske, a partner at venture capital firm Placeholder and former analyst at ARK Invest, says that the recent downward price action in Solana (SOL) and Cosmos (ATOM) means very little in the grand scheme of things.
Last week, the U.S. Securities and Exchange Commission (SEC) listed several assets as securities in its charges against crypto exchanges Coinbase and Binance, including SOL. The lawsuit preceded a sizeable drop in the altcoin markets, and Solana is now down about 94% from its all-time high, while Cosmos is down over 81%.
Burniske, who previously said that Solana was the next “Ethereum-level” opportunity in crypto, says he’s not fazed by recent events.
“To reply guys asking me about SOL, ATOM or ____ token: why would any thesis change because of something a self-interested regulator does? Recent events will be blips in
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