Ex-ARK Invest Crypto Lead Reveals True Cause Behind Bitcoin (BTC) Collapse By U.Today
U.Today – (BTC) is down to its lowest levels of December, dropping under $92,000, and many crypto enthusiasts are trying to figure out why. Chris Burniske, a former ARK Invest crypto lead and current partner at Placeholder VC, has shared his thoughts as he is looking at the bigger picture, not just the crypto world.
Inn Burniske’s view, the year-end drop in Bitcoin is less about investors losing interest and more about seasonal financial patterns that now influence the cryptocurrency market. With the long-awaited launch of multiple Bitcoin and ETFs in 2024, crypto has become more tightly linked to traditional finance.
This connection amplifies the effects of year-end activities like portfolio rebalancing and account…
