Former ARK cryptocurrency head Burniske: Bitcoin could plummet to $30,000

Chris Burniske, a partner at venture capital firm Placeholder and former head of cryptocurrency at ARK Invest, said Bitcoin (BTC) could fall further. He predicted that Bitcoin could fall to at least $30,000 to $36,000 before bottoming out, and said a test of the mid-to-high $20,000 range was possible. Despite the bearish near-term outlook, Burniske remains optimistic about Bitcoin’s long-term prospects and claims that it will eventually hit all-time highs. He stressed the importance of investors remaining patient and acknowledged the road to recovery will be filled with volatility.