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Venture Capitalist Doubles Down on Solana and Cosmos, Says 2024 Redemption Arc Incoming

Chris Burniske, a crypto investor and partner at venture capital firm Placeholder, remains bullish on Solana (SOL) and Cosmos (ATOM) despite recent market downturns. The US Securities and Exchange Commission's (SEC) listing of SOL as a security in its charges against Coinbase and Binance caused a significant drop in the altcoin markets, with SOL down 94% from its all-time high and Cosmos down over 81%.

However, Burniske believes that recent events will be viewed as "blips" in retrospect and that the crypto movement is "immortal." He also predicts a "redemption arc" for crypto assets in 2024 and is currently pursuing an "aircraft carrier strategy" around Cosmos and Solana.

Cosmos Cosmos $7.26
+15.02%
Solana cosmos SEC
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