Placeholder Partner: Although BTC and ETH are in a consolidation period, the future is bright

Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, said on X platform, "While BTC and ETH are in a consolidation period and market sentiment feels as if Satoshi Nakamoto has passed away, the long tail market is showing signs of strength. At the same time, blockchain technology is gradually being integrated into all aspects of society, although for those who are impatient, all this progress cannot be fast enough. But I have no doubt that the future is bright. The mainstream coins are still in the same range as the first quarter of 2024, the infrastructure is maturing, and the application experiments are expanding (both in terms of type and geographical scope), but the market sentiment is the exact opposite of the first quarter - it's wonderful. What's wrong with this? Don't be scared."