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