Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, has offered a cautionary outlook on Bitcoin, suggesting that it could potentially drop to a range between $30,000 and $36,000, or even as low as $20,000 to $30,000. He warns of market volatility and false breakouts. At the macro level, there are numerous uncertainties looming. While new product innovations are on the horizon, they have yet to fully materialize. Burniske advises patience and maintains that it is still wise to hold onto crypto assets at this time.