Chris Burniske, the former head of ARK Invest crypto division, made some assessments about the cryptocurrency markets on his Twitter account.
The former head of Ark Invest’s crypto division is a name that might be curious about what’s going on in the cryptocurrency market and why he craves volatility with his years of trading operations.
Chris Burniske Evaluates Cryptocurrency Market
Saying that the lack of volatility will create problems in the crypto money market, Burniske believes that the last thing they want is the lack of volume volatility. Burniske said it’s not surprising that crypto investors are starting to “go crazy” after they haven’t seen any volatility spikes in more than a month.
No wonder people are starting to go crazy, this space lives on volatility and when it’s not in the market, it surfaces from within 🥴 https://t.co/oAvHqQZCdJ
— Chris Burniske (@cburniske) October 10, 2022
However, risk demand is not the only problem in the market. Volatility has always been a driving force for the cryptocurrency industry, as individual investors enter the market more enthusiastically when they see the possibility of high returns.
With high inflows into the market, the interest of institutional investors is generally increasing. Therefore, if we want to see long-term bull rallies, we need to experience the inflow of money into the cryptocurrency industry as a whole.
