Chris Burniske predicted a 438% growth of ethereum in the near future

Chris Burniske, a venture capitalist and partner at Placeholder, shared his opinion on the future of the main altcoin. Burniske is convinced that the cryptocurrency market will continue to grow in the near future, and the ETH rate will reach $ 10,000.

On his Twitter page, Burniske said that he expects ETH to update its high, and in the long run, to grow by 438%. «Earlier, skeptics did not believe in the ether at $ 1, then $ 10, $ 100, and $ 1,000, but we saw these peaks. Now they refuse to believe in ETH at $ 10,000. Well, we’ll see you there,» Burniske emphasized.

The venture capitalist noted that the regulators' pressure on the cryptocurrency industry is not accidental — the authorities are preparing the ground for the launch of CBDC. However, according to Mr. Burniske, cryptocurrencies will continue to flourish despite the pressure from regulators.

Over the past day, the value of ETH $3,387.75 Ethereum -1.87% Market capitalization $407.16 billion VOL. 24 hours $0.68 billion has increased by 3.5%, reaching $ 1924. Last year, the token exceeded $ 1900 on August 16, when the Fed was raising the federal funds rate at a record pace to fight inflation. Users are waiting for the Shapella update, also known as Shanghai-Capella, scheduled for April 12. The main updates will include the ability to withdraw funds from staking and optimization of commission costs (gas).