The CEO of one of the largest crypto exchanges, Crypto.com, has signaled that the price of Bitcoin could drop in the short term.
Crypto.com CEO Kris Marszalek told Bloomberg that with the approaching halving in Bitcoin, selling pressure in the market could increase.
The halving, expected to occur on April 20, will result in a 50% reduction in the daily production of Bitcoin to 450.
Marszalek said, “As we approach this date, some sales may come.” However, he also mentioned that the halving could have a positive long-term impact on Bitcoin.
Marszalek stated that the halving will lead to a “significant change” and described it as a “positive development for the market.”
The CEO of Crypto.com commented, “I expect quite significant movement within six months after the Bitcoin halving.”
