The cryptocurrency market may face a new fluctuation with the approach of the US presidential inauguration. Famous crypto investor Chris Burniske stated that the market should prepare for a correction that will trigger the decline on January 20, 2025. In his comment shared on the social media platform X, Burniske emphasized that this correction will not end the bull market.
Oath Ceremony and Market Correction
Burniske stated that the presidential inauguration will create a “news selling” effect in the markets. Stating that markets generally rise with expectations and fall with reality, Burniske said that this correction could create a “wave of fear”. However, he pointed out that this fluctuation will not slow down the momentum of the bull market in the long run.
Burniske’s post included the following statements: “Dream after the election, but expect a shakeup afterwards. The swearing-in ceremony is the point where reality never matches dreams. However, this shock will not be the last, it will only be very scary for paper hands.”
Burniske pointed out that investors should be calm during the correction. He said the market will move beyond such movements and rise further in the long run.
Future of Crypto Market and Value Predictions
Burniske, Bitcoin in November 2022 $99,040.9 and predicted that cryptocurrency markets had completed their cycle bottoms. At the time, he claimed that the total market value of digital assets could reach $10 trillion this cycle. However, in his latest statement, he revised this estimate and stated that it may not be possible to reach this level.
The current total value of the market stands at approximately $3.865 trillion. Burniske said that the increase in the market may accelerate over time, but investors should act with realistic expectations in this process. While the future of the markets is bright, knowing where to direct gains will be investors’ most important decision, according to Burniske.
“Aiming for perfection always leads to missing something,” said Burniske, emphasizing the importance of adopting a long-term perspective. He also pointed out that market fluctuations should be met with a patient and strategic approach.
Burniske’s predictions show that despite short-term risks in the crypto market, it has a structure that supports long-term growth. Investors are recommended to follow market movements carefully and create their strategies accordingly.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
