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 <p>A prominent digital asset venture capitalist believes that the crypto markets may mirror a major rally from recent years.</p>
 <p>Placeholder Capital founder Chris Burniske tells his followers on the social media platform X that the crypto markets may soar and suddenly retrace as they did in 2019.</p>
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 <p>He says the crypto markets may dip in early 2024 by printing higher low prices in the cycle.</p>
 <p><em>“If BTC and ETH rip here, and then everything else follows, we could be in for a mid-2019 repeat – going just high enough to get people to believe that maybe, just maybe, new ATHs (all-time highs) are around the corner, before enduring a final wipeout (Q1 2024?) and putting in firm higher lows.”</em></p>
 <p>Burniske also says he remains bullish on Solana (SOL) after longing the Ethereum (ETH) competitor back in December 2022 when it was trading for around $10.</p>
 <p>He said at the time,</p>
 <p><em>“Still longing SOL while haters spinelessly pile onto the downside momentum. When Solana recovers, it’s not me that will be haunted by the thought, ‘Instead of jeering, I could have been buying SOL ~$10.’” </em></p>
 <p>He says that SOL against ETH (SOL/ETH) remains in an uptrend after hitting a key level.</p>
 <p><em>“0.02 SOL/ETH achieved: leaves no choice but to eye 0.03 ETH next.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F9v2JgVaUAA80oh?format=jpg&amp;name=medium" alt="Image" width="1200" height="554">
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   Source: Chris Burniske/X
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 <p>SOL/ETH is trading for 0.02249 ETH ($40.56) at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/investor-who-nailed-2022-solana-sol-bottom-predicts-2019-style-crypto-rally-here-s-what-he-means-tbt68942.html">https://thebittimes.com/investor-who-nailed-2022-solana-sol-bottom-predicts-2019-style-crypto-rally-here-s-what-he-means-tbt68942.html</a></p>

Investor Who Nailed 2022 Solana (SOL) Bottom Predicts 2019-Style Crypto Rally – Here’s What He Means

TheBitTimes

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