Ethereum Is in a Bear Market, But One Analyst Explains Why He’s Long By Cointelegraph


© Reuters. Ethereum Is in a Bear Market, But One Analyst Explains Why He’s Long

Nowadays, it seems everyone is bearish on and its Ether token (ETH) except for Placeholder VC partner Chris Burniske, who, earlier this week, made the case for why he believes is a great long-term investment.

According to Burniske, the oft-cited narrative that the implosion of the ICO market led to Ether losing its use case is not entirely accurate. Rather, he posits that Ether is going through its first “mainstream bear market, just as did in 2014-2015.”

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