VC Firm Partner on the Bright Side of the Crypto Bear Market

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On Monday (June 13), with the price of Bitcoin down to levels last seen in December 2020 and the Ethereum price down over 31% since last Friday, Chris Burniske, Partner at crypto-focused venture capital firm Placeholder, was still able to find a silver lining.

Earlier today, Burniske tweeted that one good thing about the current crypto bear market is that it gives investors a second chance to buy those cryptoassets they regretted not buying (or buying more of) during the crypto bull market (which came to an end last November).

Although Burniske’s comments might come across as a bit cruel to those crypto investors who are currently nursing large unrealized losses, it is worth bearing in mind what  Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, said on May 12:

On May 20, Roy Blackstone, Founder of Solstarter, which is an IDO platform for Solana, tweeted about the importance of having diamond hands in times of turmoil:

And yesterday, Mike Dudas, Founder and General Partner at NYC-based venture capital firm 6th Man Ventures, pointed out that although the crypto market looks pretty bad right now, “fortunes will be made on reversal.”

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