Bitcoin and Ethereum price: Crypto VC exec on bulls’ case

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  • Chris Berniske says Ethereum may outperform Bitcoin in March due to Shanghai upgrade.
  • Berniske is a crypto-focused VC placeholder and formerly a partner at ARK Invest (Crypto Division).
  • According to the investor, the pullback is likely to remain “within the current uptrend”.

Chris Burniske, partner at venture capital firm Placeholder and former head of crypto at ARK Invest, is bullish on crypto in March.

The investor believes that the recent slide in sentiment has not caused deeper rot for the leading cryptocurrency, despite weakness in stocks amid investor concerns over interest rates.

In a tweet posted this weekend, Burniske said the outlook is mostly bullish because recent pullbacks have been largely mild.

,From where I sit, I’m surprised crypto hasn’t pulled back more weakness in equities and an upward revaluation in rates – bullish,” He mentioned.

Ex-ARK Investment Head of Crypto Shares Ethereum and Bitcoin Price Predictions

Bitcoin And Ethereum Both have retreated from year-to-date highs above $25k and $1.7k respectively.

As mentioned above, the leading digital asset by market capitalization gave up recent gains amid continued jitters over US inflation data. Selling pressure returned to the markets as sentiments shifted around the regulatory environment in the United States also influenced buy-side volumes.

but while bitcoin has retreated to support With Ethereum hovering around $23,000 and Ethereum hovering around $1,600, the crypto bull says any further losses in the near term are likely “within the current uptrend”.

,For those calling some version of “just wait”, sure we can pull back a bit more, but calling for new lows any time soon is foolish. pullbacks are consolidations within the current uptrend, IMO“investor” couple,

According to price prediction As for the top two coins, Burniske thinks Ethereum will outperform Bitcoin in March. According to him, ETH is likely to gain new momentum from the highly anticipated Shanghai upgrade, which is expected to increase inflows.

The outlook is supported by on-chain data, which continues to see an increase in new value sent to ETH 2.0 deposit contracts.

Crypto analytics firm Sentiment recently shared a chart showed The number of new staking coins reached a 5-month high earlier this week.

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