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Jake Simmons

Venture Investor Burniske Eyes Bitcoin Entry Near $56,000 As Market Repricing Deepens

Placeholder VC's Chris Burniske has identified a long-term opportunity in Bitcoin but cautions that accumulation may require a deeper pullback toward the 200-week simple moving average around $56,000. He states current pessimism creates favorable risk-reward for high-conviction positions, though aggressive deployment remains premature. Burniske views the ongoing repricing across crypto markets as necessary rather than destructive.
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