Placeholder Partners: Despite BTC and ETH being in a consolidation phase, we still believe in a bright outlook

ChainCatcher news, former Ark Invest crypto head and current Placeholder VC partner Chris Burniske stated on social media: "Although BTC and ETH are in a consolidation phase, the market sentiment feels as if Satoshi has passed away, the long-tail market is showing strong signs. At the same time, blockchain technology is gradually integrating into various aspects of society, even though for those who are impatient, all this progress seems too slow. But I have no doubt that the future is bright.

Mainstream coins are still in the same range as the first quarter of 2024, infrastructure continues to mature, and application experiments are expanding (both in variety and geographical scope), but market sentiment is completely opposite to the first quarter—it's absolutely wonderful. What's wrong with that? Don't be scared."