Crypto.com CEO predicts Bitcoin will sell off before halving

Bitcoin Halving Event Sparks Debate Among Crypto Industry Figures

Crypto.com CEO Kris Marszalek remains optimistic about the long-term impact of the upcoming Bitcoin halving event, despite anticipating short-term selling volatility. The halving, scheduled for Apr. 20, will reduce miners’ rewards by half, impacting mining profitability.

While Marszalek expects positive developments in the market within six months following the halving, other industry figures hold differing views. Tezos co-founder Arthur Breitman sees it as a reduction in security budget, potentially addressing overpayment for security. On the other hand, former BitMEX head Arthur Hayes predicts BTC price declines due to limited dollar liquidity during the period.

Marathon CEO Fred Thiel suggests that the halving’s impact may already be priced in, pointing to successful spot exchange-traded fund (ETF) approvals. With Bitcoin currently trading at $63,132, down 14% from its March highs, the market awaits the outcome of the halving event and its effects on the cryptocurrency landscape.

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