Top crypto analysts explain why inaction is the worst in a bearish crypto market
Chris Burniske, former chief crypto analyst at ARK Invest and current partner at Placeholder Venture Fund, once again share 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 bought regardless of the current market conditions.
Giving a simplified version of the calculation, the expert summarized that, assuming a bull phase of the crypto market and a return, any suitable crypto asset could yield a result of 475% over a period of up to five years.
Simplified and theoretical expected-value of a garden-variety quality cryptoasset ATM:
< 1 yr. 50% odds of 50% atom in
50% odds of 10x in 3-5 years= (.5 x -.5) + (.5 x 10) = 4.75x
— Chris Burniske (@cburniske) 2 September 2022
Berniske concludes his views with the thesis that the biggest mistake is not the wrong timing with investing, but the complete inaction in the crypto market. Still, there is an argument for each thesis, and followers were quick to respond to analyst comments. However, it further expanded the field of study of the most important issue of crypto investing.
lol you must be larping
BTC 2015-17 Bull: 100x
ETH 2015-17 Bull: 1000xBTC 18-21 Bull:>20x
ETH 18-21 Bull: >60x
SOL 19-21 Bull:>200xThese are just a few. Many such ops in the public crypto market without any special access; Too much margin to withdraw at least 10x to name a few.
— Chris Burniske (@cburniske) 4 September 2022
Current status of the crypto market
The market continues to pull out participants as it continues to trade sideways, giving both bulls and bears hope. Bitcoin is currently trading near the key price points of $19,500-19,000.
For over two months now, the main cryptocurrency in the market has been trading below the $23,200 price level, which has historically signaled the bottom of the cycle. So, maybe the local denomination is near. It is worth waiting for the stock market to open and watch the reaction of the buyers.