Placeholder Partner: TIA Fundamentally Undervalued, Still Bullish

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September 15, 2024
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On September 15th, Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, expressed on social media, "I'm still bullish on TIA, and the weak hands are just shorting the dip. When CelestiaOrg rallies, I won't be the one haunted by the thought 'I could have bought TIA below $5 instead of mocking it.'"

He believes TIA is fundamentally undervalued. Burniske argues that those bearish on TIA fail to understand several key points:

  • The CelestiaOrg ecosystem is fully operational, with a diverse and passionate community of developers actively experimenting.
  • The "evil VCs" who have been given liquidity are unlikely to dump their holdings in October as expected, as they have seen the ecosystem's progress and the team's vision.
  • Many of TIA's biggest supporters are not solely focused on short-term profits as portrayed by the outside world.
  • Buyers who are on the sidelines due to concerns about unlock pressure will be encouraged by positive price action and reduced uncertainty, leading them to take action.
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