Popular crypto exchange CEO Kris Marzsalek of Crypto.com claims that Bitcoin is at December 2020 levels and the rallies will grow like an avalanche.
Crypto.com CEO Kris Marzsalek, speaking to CNBC’s Squawk Box program, excited crypto investors. The CEO, who stated that Bitcoin is currently at a stage reminiscent of December 2020 in the cycle, also described the recent declines as “quite healthy.”
In his statement, he emphasized that the supply shortage in Bitcoin inevitably brings rises, but also highlighted that gradual and controlled rises would be more beneficial than sudden and large surges.
Kris Marzsalek also said that the recent corrections were simply shaking off leveraged positions:
This is a very successful product. There is a supply shortage, so this should be reflected in the price. The recent correction, in my opinion, was a healthy move that eliminated some of the leverage accumulated in the system. What we want to avoid is sudden super aggressive increases. We want to see a stable entry into the sector, Bitcoin, and other currencies. This will allow us to do about 12 to 18 months of work.
