Popular Crypto Investor and Researcher Chris Burniske Says Mainstream Forgot About Bitcoin

It wasn’t too long back when the mainstream financial news channels were covering cryptocurrencies multiple times a day, however, things are not the same now. First, off the stock markets are not doing too well so they have their own problems to discuss.

Chris Burniske, who is a leading cryptocurrency analyst, researcher and author think the same thing. He is a partner at Placeholder Venture Capital and co-authored the book “Cryptoassets.” He said:

The mainstream has almost entirely forgotten about #bitcoin again.

— Chris Burniske (@cburniske) January 5, 2019

He refers to the media outlets who have stopped reporting on the crypto industry and also to mainstream investors disheartened by the so-called Crypto Winter. Many also hoped bitcoin and the cryptocurrency market would see a huge trigger for new adoption.

The anticipated bitcoin ETF approval by the U.S. Securities and Exchange Commission (SEC) hasn’t happened yet. Institutional money inflow hasn’t accelerated as expected, and retailers are still holding back their acceptance. He goes on to say that this is not a dishartening information.

I don’t say this to dishearten us. Quite the opposite.

We remain in the “installation phase” of #crypto (image: https://t.co/8oOws39TaS), where the primary users are developers & investors.

There is so much left to build and promise to be realized, which is massively exciting! pic.twitter.com/9pfy5MmJ1k

— Chris Burniske (@cburniske) January 5, 2019

The Market Curve by Doug Pepper

What Chris might be referring to might be because of the Market Curve as described by Doug Pepper.

From the press release of the theory, it says:

“For entrepreneurs and investors the most exciting element of the Market Curve is that, once the trough ends, strong technology markets ultimately prove more valuable than anyone imagined even during the Hype Cycle. Here are a few examples of how different technology markets fit into this curve.”

The best investors recognize and take advantage of these troughs and the best entrepreneurs lead Markets out of the trough.

The key is to have conviction about a Market and, as an investor, look for the technologies, products, and leaders that will end the trough. Or, as an entrepreneur, launch market-leading products and business models to end it yourself.

Crypto Needs A Boost To Entering Mainstream

Pepper said:

“First, there must be broad adoption of core underlying technologies that support the market. Second, there need to be compelling reference applications to drive mainstream adoption. Finally, there must be a pioneering company, typically with a charismatic leader, that leads the market out of the trough.”

The technology is ready, we need someone to take it to the people, be it a new product or a platform.