On September 15, Chris Burniske, former head of Ark Invest crypto and current partner at Placeholder VC, said on social media, "I am still bullish on TIA, and those who are cowardly will just short. When CelestiaOrg rebounds, it will not be me who is troubled by the thought that "I could have bought TIA when it was below $5 instead of laughing at it."
He believes that TIA is fundamentally undervalued. Burniske said that those who are bearish on TIA fail to understand the following points:
CelestiaOrg as an ecosystem is running at full capacity, with a diverse group of passionate developers actively experimenting.
“Evil VCs” who were given liquidity are less likely to sell in October as expected because they see the progress of the ecosystem and the vision of the team.
· Many of TIA’s biggest supporters are not as short-term focused as they are portrayed to be.
Buyers who have been sitting on the sidelines due to concerns about unlocking pressure will be encouraged to take action by positive price action and reduced uncertainty.
