{"id":3442,"date":"2024-11-28T17:01:32","date_gmt":"2024-11-28T17:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3442"},"modified":"2024-11-28T17:01:32","modified_gmt":"2024-11-28T17:01:32","slug":"bitcoin-supercycle-narrative-is-a-collective-delusion-influential-crypto-venture-capitalist-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3442","title":{"rendered":"Bitcoin &#8216;Supercycle&#8217; Narrative Is A &#8216;Collective Delusion,&#8217; Influential Crypto Venture Capitalist Says"},"content":{"rendered":"<div>\n<p><strong>Chris Burniske<\/strong>, a prominent voice in the crypto space and partner at <strong>Placeholder VC<\/strong>, dismissed the idea of a <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) &#8220;supercycle,&#8221; labeling it a \u201ccollective delusion.\u201d <\/p>\n<p><strong>What Happened: <\/strong>In a detailed <a href=\"https:\/\/x.com\/cburniske\/status\/1861901539658355173\">thread<\/a> on <strong>X<\/strong> on Wednesday, Burniske warned investors against the belief that Bitcoin\u2019s bull markets will eliminate future bear markets, despite new factors such as <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42165734\/bitcoin-etfs-registered-record-312-billion-net-inflows-last-week\">Bitcoin exchange-traded funds (ETFs)<\/a> and potential <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42220158\/donald-trump-to-establish-a-national-bitcoin-reserve-pros-vs-cons-compared\">sovereign adoption<\/a>.<\/p>\n<p>&#8220;Every bull, people come up with reasons for why we&#8217;re going stupid high or won&#8217;t have a bear,&#8221; Burniske wrote, reflecting on over a decade of market cycles in crypto. <\/p>\n<p>&#8220;While the ETFs and potential sovereign buying <em>could<\/em> mean we don&#8217;t have as brutal a bear in the future for BTC, \u2018supercycle\u2019 is without fail a collective delusion,\u201d he added.<\/p>\n<p>Burniske highlighted that the current bull market, which he dates back to November 2022, has propelled Bitcoin to close to $100,000\u2014a more &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/%252Fchris-burniske-dismisses-supercycle-narrative-a-collective-delusion\" alt=\"Bitcoin\" narrative is a delusion influential crypto venture capitalist says>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chris Burniske, a prominent voice in the crypto space and partner at Placeholder VC, dismissed the idea of a Bitcoin (CRYPTO: BTC) &#8220;supercycle,&#8221; labeling it a \u201ccollective delusion.\u201d What Happened: In a detailed thread on X on Wednesday, Burniske warned investors against the belief that Bitcoin\u2019s bull markets will eliminate future bear markets, despite new [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3442","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3442"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3442\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}