Halving Event to Boost BTC in Six Months
Kris Marszalek, CEO of Crypto.com, believes Bitcoin’s bull market is still in its early stages. In an interview with Bloomberg, he predicts a “great performance” for BTC in the next six months.
The upcoming halving event, where miners’ rewards are halved, will be a positive factor, according to Marszalek. While there may be some selling in the short term, he expects it to improve the overall market situation over time.
Retail Demand Expected to Rise
Marszalek notes that retail demand for Bitcoin is currently lower than in previous cycles, but he anticipates it will increase. Crypto.com plans to expand its services to other jurisdictions to capitalize on this growth.
Bitcoin’s Current Value
At the time of writing, Bitcoin is trading at $61,914, down over 4% in the last 24 hours.
