Crypto investor Chris Berniske says that Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and the entire crypto market are poised to rise.
The former crypto head at ARK Invest told his 292,200 followers on social media platform X that several catalysts are currently lining up, suggesting that digital asset markets are on the brink of a surge.
According to Berniske, a partner at venture capital firm Placeholder, the long-awaited launch of an Ethereum-based exchange-traded fund (ETF), Republican presidential candidate Donald Trump’s speech at an upcoming Bitcoin event, and the current state of the BTC, ETH and SOL charts all suggest major bullishness for the cryptocurrency market.
“ETH ETF launch planned, Trump speaks at Bitcoin conference, BTC, ETH, SOL charts rise [they do] It's hard to imagine a world where we don't send it next week (while stocks are weak).”
Reuters recently reported that the Bitcoin Conference is scheduled to take place from July 25 to July 27, while preliminary approval has been given for an ETH ETF.
At the time of writing, BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 respectively.
The venture capitalist also provided an update on his prediction that cryptocurrency market cap will eventually hit $10 trillion, which his chart shows is currently “23%” complete, at roughly $2.2 trillion.
In an interview with RealVision CEO Raoul Paul earlier this month, Berniske said he was keeping a close eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer-1 blockchains Sui (SUI) and Aptos (APT).
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