The CEO of one of the largest cryptocurrency exchanges, Crypto.com, hinted at the possibility of a short-term drop in Bitcoin price.
Crypto.com CEO Kris Marszalek, in an interview with Bloomberg, said that with the approaching halving of Bitcoin, the selling pressure in the market could also increase.
The halving, expected to take place on April 20, will reduce the daily production of Bitcoin by half to 450.
Marszalek said, “As we approach this date, some sales may come, but the halving could have a positive long-term impact on Bitcoin.“
Marszalek also said that the halving will lead to a “significant change” and will be a “positive development for the market.”
The CEO of Crypto.com commented, “I expect quite a significant movement within the six months after the Bitcoin halving.“
