Investor Chris Burniske Says Crypto Emerging From ‘Early Bull’ Reset, Sees Favorable Conditions for Asset Class

Digital asset veteran Chris Burniske believes the crypto market is poised for a fresh bull run following months of correction. The former ARK Invest analyst shared on X (formerly Twitter) that digital assets have cooled sufficiently after their late 2023 to early 2024 rallies, setting the stage for the next surge.

Burniske referenced a chart by Real Vision analyst Jamie Coutts to illustrate that current market conditions align with a textbook “early bull” reset. While volatility persists, he urges investors to stay confident and notes that it’s not too late to enter the market.

Looking at the bigger picture, Burniske highlights several favorable factors for the crypto space, including improved liquidity, maturing infrastructure, and increasing user activity. Active blockchain addresses have tripled over the past year, signaling growth. He also mentioned the impact of global central banks easing policies, which could further propel the market upward.

Last week, after the Federal Reserve’s first interest rate cut since 2020, Bitcoin rallied nearly 30%, rising from its six-month low of $49,000 in August to $63,217 at the time of writing. Burniske’s outlook suggests this rally could be just the beginning of a broader crypto bull market.