The CEO of one of the largest crypto exchange, Crypto.com, indicated that Bitcoin’s price could fall in the short term.
The CEO of Crypto.com, Kris Marszalek, said in an interview with Bloomberg that with the approaching halving in Bitcoin, 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.” He stated that the halving could have a positive impact on Bitcoin in the long term.
Marszalek, who said that the halving will lead to a “significant change”, expressed that this is “a positive development for the market.”
The CEO of Crypto.com commented, “I expect quite a significant movement within six months after Bitcoin halving.”
