A prominent crypto venture capitalist believes that the digital assets market will likely rally around Christmas time after a tough start to September.
Chris Burniske, the founder of Placeholder Capital, tells his 263,400 followers on the social media platform X that his recent prediction of a possible “upside surprise” breakout in crypto is no longer valid in the near term.
He is now predicting a crypto Santa Claus rally, which is a financial term used to describe a calendar effect on traditional equities that historically have gone up on the last five market trading days of the year in December and the first two trading days of the new year.
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“Upside surprise got faded, looks likely that we get a September puke, Santa Claus rally, first rate
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