• Investor Chris Burniske believes that Bitcoin (BTC) and cryptocurrency are primed for a big reversal.
• He cites multiple factors such as the availability of mature infrastructure for products to use, the tokenization of real-world assets, and the Fed’s action behind us.
• Burniske expects decentralized finance to transition into an “Internet Financial System” (IFS).
Investor Calls Market Bottom
Venture capitalist Chris Burniske believes that Bitcoin (BTC) and cryptocurrency are primed for a big reversal. He cited multiple factors such as the availability of mature infrastructure for products to use, the tokenization of real-world assets, and the Fed’s action behind us. According to him, BTC has reached its 200-week simple moving average and there is no sign of a credit crunch or US default.
DeFi Summer 2.0
Burniske is particularly excited about decentralized finance’s upcoming transition to what he calls the “Internet Financial System” (IFS), which involves combining DeFi elements with compliant systems that invite global capital to utilize open networks. He says this will be different from DeFi Summer in 2020 due to improved infrastructure available now.
Tokenization Of Real World Assets
The venture capitalist also thinks that tokenization of real-world assets (RWAs) will also play an important role in shaping up IFS. By converting tangible objects into digital tokens, users can enjoy greater liquidity and security on their investments while still maintaining ownership over them. This could potentially revolutionize traditional asset trading since it would make it easier and less costly for investors to trade various types of assets from anywhere in the world with just one click on their computer or smartphone device.
Equities Rallying While Crypto Lags Behind?
Currently equities seem to be rallying while crypto lags behind but according to Burniske this might be ready for a change soon as all these factors line up in favor of crypto markets reversing their downward trend towards bullishness once again. Though only time can tell if his prediction turns out right or not but given his track record so far one can expect some good news coming our way sooner rather than later if everything goes according to plan!
Conclusion
In conclusion, investor Chris Burnisk believes that Bitcoin (BTC) and cryptocurrency are primed for a big reversal because multiple factors have lined up in favor of the digital asset market reversing its recent bearish trend including mature infrastructure available now, tokenization of real-world assets, equities rallying while crypto lags behind etc.. He is particularly excited about decentralized finance transitioning into an Internet Financial System which could potentially revolutionize traditional asset trading by making it easier and more secure for investors around the world to invest in various types of assets with just one click on their devices!