Former ARK Invest manager and Placeholder partner discuss the natural cycle of digital currency market corrections compared to previous periods.
Chris Burniske, a partner at Placeholder investment company and former manager of digital currencies at ARK Invest, considers the current price correction in the digital currency market a natural part of the upward cycle. Referring to the corrections in 2021, where Bitcoin (BTC) dropped over 56%, Ethereum (ETH) over 61%, and Solana (SOL) over 67% but eventually reached higher prices, he believes the current situation closely resembles that period. Raoul Pal, CEO of Real Vision, also confirms this perspective by referring to the 2017 cycle, which experienced more than 28% corrections.
