Crypto Investor Chris Burniske Sees Likely Market Correction Ahead, But Eventual Return to All-Time High
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Crypto investor Chris Burniske says a correction is the most likely market scenario moving forward after a prolonged uptrend.
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Burniske believes the macro economic situation is precarious; strong data may spur Fed rate hikes while weak data could prompt recession talks.
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Risk assets like crypto need a "Goldilocks economy" - moderate growth and low inflation - to thrive, says Burniske.
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Burniske said last month Bitcoin could test below $30k before making a move back toward its all-time high.
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At writing, Bitcoin was trading around $42,852.