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