Here’s What Could Drive The Next Crypto Bull Market
Chris Burniske, a partner in venture capital firm "Placeholder", believes several key narratives will drive the next crypto bull market.
In a recent tweet, he outlined the three “hype themes” he believes will be driving forces.
“Obvious hype themes into next expansion:
Bridging and multi-chain services
AI meets blockchain
Appchains and sector-chains”
Obvious hype themes into next expansion:
1) bridging & multichain services
2) AI meets blockchain
3) appchains & sector-chains— Chris Burniske (@cburniske) February 11, 2023
In the same tweet, Burniske mentions data availability layers or systems as another area to keep an eye on.
He defines a “hype theme” as a narrative experiencing its first major cycle in the public eye. Burniske then notes that there will be some protocols pursuing the opportunity, as well as many other “grifter protocols” that are piggybacking on the trend.
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Regarding specific crypto assets, the venture capital partner is bullish on Ethereum (ETH) and predicts a breakout for ETH/BTC after the altcoin’s upcoming Shanghai upgrade. He also sees Solana (SOL) as a potential “Ethereum-level” opportunity and gives an honorable mention to Cosmos (ATOM).
In a recent interview, Burniske revealed that Placeholder is pursuing an “aircraft carrier strategy” around Cosmos and Solana.
FAQ
- What is an “aircraft carrier strategy”?
- This is a venture investing approach that involves buying a large amount of the core asset of a particular crypto ecosystem and then investing in other projects within that ecosystem. The goal is to get to know the ecosystem and the people working on various projects within it in order to pick the best teams from a venture perspective.
- What does Burniske mean by a “hype theme”?
- A “hype theme” is a theme that is experiencing its first major cycle in the public eye. Burniske notes that there will be some “very real” protocols pursuing the opportunity, as well as many other “grifter protocols” that are piggybacking on the trend.
Andrey Kunev
Reporter at CoinsPress
Andrey Kunev is a knowledgeable cryptocurrency content creator passionate about the crypto market. With extensive experience in market analysis and investment reporting, Andrey is a valuable asset to the CoinsPress team. As a frequent contributor, he offers insightful and comprehensive coverage of market trends, price fluctuations, and new advancements in cryptocurrency. Whether you're a seasoned investor or just getting started, Andrey's clear and concise writing offers a comprehensive look at the current state of the crypto market and its prospects. Stay up-to-date with CoinsPress's expert analysis and commentary on all things cryptocurrency.
