CryptoMediaClub
Friday, July 18, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Ex-ARK Analyst Cautions Against $10T Crypto Market Cap Hype

08.12.2024
A A
0
119
VIEWS
ShareShare

As Bitcoin surpassed $100,000 and market sentiment turns increasingly positive, Chris Burniske, former ARK Invest analyst and partner at Placeholder, is urging caution on the growing hype of the $10T crypto market cap.

In a post on X, Burniske has called for a tempered perspective, advocating profit-taking strategies and a balanced outlook on the crypto market’s trajectory.

People won't like me saying this, but if $10T is the round # target, then we likely fall short of it this cycle.
It was a good rallying cry from a capitulation bottom, and will prove directionally correct this cycle, only to be exceeded with time. That said, as we enter a… pic.twitter.com/r1y8HE0DQf

— Chris Burniske (@cburniske) December 5, 2024

$10T Crypto Market Cap Hype: Should You Be Wary of the Bull Market Frenzy?

Reflecting on the 2021 bull market, Burniske highlighted the dangers of inflated expectations, recalling the widespread projections of $100,000 for Bitcoin and $10,000 for Ethereum.

Back then, Bitcoin peaked at around $70,000, while Ethereum topped out near $5,000. Those targets, only now being realized for Bitcoin, serve as a cautionary tale for investors swept up in hype.

Burniske remarked: “People won’t like me saying this, but if $10T is the round target, then we likely fall short of it this cycle.”

While acknowledging the $10 trillion target as “directionally correct” for crypto’s future, he urged investors to remain realistic, cautioning that dreams of astronomical valuations could lead to disappointment this cycle.

Burniske’s reflections coincide with Bitcoin’s recent rally past $100,000. The cryptocurrency reached an all-time high of $104,000 before retracting to $98,067.

The total crypto market cap currently stands at $1.94 trillion, significantly short of the speculative $10 trillion mark.

A Pragmatic Approach to Profit-Taking

Burniske’s advice centers on strategic profit-taking as valuations climb. He suggested that investors who entered the market when its capitalization was below $1 trillion should consider realizing gains in tranches between $3 trillion and $10 trillion if the latter is approached.

Burniske reminded his audience, saying: “No one ever lost money taking profits.” He acknowledged that the psychological pain of missing further upside might deter some but emphasized the wisdom of securing gains during periods of market frenzy.

While advocating profit-taking, Burniske encouraged a balanced strategy. He encouraged the well-known “hold for the long-term” strategy, which means retaining some assets for enduring exposure to the market’s future growth.

He also reminded investors to avoid perfectionism and that striving for flawless timing often leads to missed opportunities, writing: “Sure hold some coin forever, but also take profits in frenzies and live your life. Time is more precious than even $BTC.”

Early Adopters Reflect

Burniske’s commentary arrives as market participants grapple with the tension between long-term optimism and short-term caution. While Bitcoin’s crossing of $100,000 marks a milestone, his message was presented as a caution to investors.

According to Cryptonews’s detailed analysis of the market reaction, the event sparked widespread celebration across the crypto community. Many Bitcoin enthusiasts view it as a vindication of their long-standing belief in the digital asset’s potential.

Early adopters reminisced about their journey through volatility, skepticism, and ridicule, while notable figures like Anthony Pompliano praised the resilience of Bitcoin holders who stayed committed despite setbacks.

https://t.co/QVvFbQ7woa pic.twitter.com/WiOAYg6Ztx

— Nayib Bukele (@nayibbukele) December 5, 2024

While nostalgic veterans reflected on how Bitcoin evolved from niche gatherings to a global financial asset, others expressed concerns about whether its growing institutionalization had diluted its core values.

Bullish predictions emerged, with some anticipating the next significant price targets and increased retail investment driven by fear of missing out.

However, skepticism remains. Critics question the sustainability of the rally, citing low liquidity and regulatory uncertainties.

The post Ex-ARK Analyst Cautions Against $10T Crypto Market Cap Hype appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

[LIVE] Crypto News Today: Latest Updates for July 18, 2025 –XRP Hits All-Time High Above $3.6, ETH   Trades at $3.6K as Crypto Bills Clear House
All news

[LIVE] Crypto News Today: Latest Updates for July 18, 2025 –XRP Hits All-Time High Above $3.6, ETH Trades at $3.6K as Crypto Bills Clear House

18.07.2025
0

The global crypto market is in full bull mode, total capitalization has surged past the $4 trillion threshold, led by a...

Read moreDetails
Crypto Price Prediction Today 17 July – XRP, PUMP, ADA

Crypto Price Prediction Today 17 July – XRP, PUMP, ADA

18.07.2025
South Korea’s Shinhan Launches Crypto Services on Its Banking App

South Korea’s Shinhan Launches Crypto Services on Its Banking App

18.07.2025
SPX6900 Hits $1.89 New ATH – TOKEN6900 Is Where the Next 1000x Cult Begins, ICO Hits $630K

SPX6900 Hits $1.89 New ATH – TOKEN6900 Is Where the Next 1000x Cult Begins, ICO Hits $630K

18.07.2025
Ethereum ETFs Surge Past $5.5B in Record Inflows – Can ETH Break $4,000 Next?

Ethereum ETFs Surge Past $5.5B in Record Inflows – Can ETH Break $4,000 Next?

17.07.2025
Load More
Next Post
Ethereum Targets $6,200 as ‘Secondary Bull Run Starts,’ Analysts Predict

Ethereum Targets $6,200 as ‘Secondary Bull Run Starts,’ Analysts Predict

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

OKX Becomes Latest Victim Of Crypto Theft As SMS Notification Security Fails

OKX Becomes Latest Victim Of Crypto Theft As SMS Notification Security Fails

1 year ago
FC Barcelona secures $132M investment for blockchain and NFT venture

FC Barcelona secures $132M investment for blockchain and NFT venture

2 years ago
Top Crypto Gainers Today on DEXTools – 420, WOPE, PEP

Top Crypto Gainers Today on DEXTools – 420, WOPE, PEP

1 year ago
Bitcoin recovers $100k price level as expectations of Fed rate cut rise

Bitcoin recovers $100k price level as expectations of Fed rate cut rise

7 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

South Korea’s Shinhan Launches Crypto Services on Its Banking App

SPX6900 Hits $1.89 New ATH – TOKEN6900 Is Where the Next 1000x Cult Begins, ICO Hits $630K

Ethereum ETFs Surge Past $5.5B in Record Inflows – Can ETH Break $4,000 Next?

$FARTCOIN Nears $1.80 Breakout: Will Whale Activity Trigger the Next Rally?

Memecoins and DeFi beat Bitcoin as BONK, CRV, FRAX post over 20% gains in 24 hours

Trending

[LIVE] Crypto News Today: Latest Updates for July 18, 2025 –XRP Hits All-Time High Above $3.6, ETH   Trades at $3.6K as Crypto Bills Clear House
All news

[LIVE] Crypto News Today: Latest Updates for July 18, 2025 –XRP Hits All-Time High Above $3.6, ETH Trades at $3.6K as Crypto Bills Clear House

18.07.2025
0

The global crypto market is in full bull mode, total capitalization has surged past the $4 trillion threshold,...

Crypto Price Prediction Today 17 July – XRP, PUMP, ADA

Crypto Price Prediction Today 17 July – XRP, PUMP, ADA

18.07.2025
XRP hits new ATH of $3.55 after 7 years amid altcoin surge

XRP hits new ATH of $3.55 after 7 years amid altcoin surge

18.07.2025
Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
South Korea’s Shinhan Launches Crypto Services on Its Banking App

South Korea’s Shinhan Launches Crypto Services on Its Banking App

18.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz