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Former ARK Invest Analyst Reveals Biggest Mistake To Make During Bear Market

Sun, 09/04/2022 - 14:30
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Gamza Khanzadaev
Top crypto analyst explains why inaction in bearish crypto market is worst
Former ARK Invest Analyst Reveals Biggest Mistake To Make During Bear Market
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Chris Burniske, former lead crypto analyst at ARK Invest and current partner at Placeholder venture fund, once again shared his thoughts on the current crypto market opportunities. This time, the topic raised by the analyst was the return on investment of a garden-variety quality crypto asset, if it was purchased regardless of the current market conditions.

Giving a simplified version of the calculations, the expert summarized that, assuming a further return of the crypto market to a bull phase, any suitable crypto asset can give a result of 475% in a period of up to five years.

Burniske concluded his reflections with the thesis that the biggest mistake is not wrong timing with investments, but complete inactivity in the crypto market. Nevertheless, there is an argument for every thesis, and followers were quick to respond to the analyst's observations. Which, however, further expanded the field of study of the most important issue of crypto investments.

Current state of crypto market

The market continues to wear participants out as it continues to trade sideways, giving both bulls and bears hope. Bitcoin is currently trading near important price points of $19,500-19,000.

For more than two months now, the main cryptocurrency of the market has been under the $23,200 price level, which has historically indicated the bottom of the cycle. So, perhaps the local denouement is near. It is worth waiting for the opening of the stock market and seeing the reaction of buyers.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.