Bitcoin Price Could Return to $20,000s Before New Highs, VC Exec Warns
• Bitcoin could fall back to mid $20k area according to Chris Burniske, partner at Placeholder VC • He sees price potentially dropping to $30k-36k range, maybe even testing mid-high $20ks before eventual new ATH • Long-term trend remains robust but recently saw first parabolas of cycle breaking • Macro environment looks precarious, product innovations close but not there yet • Even with recent bounce, bitcoin had tumbled nearly 20% to under $40k following spot BTC ETFs opening