Bitcoin Long-Term Outlook Remains Bullish Despite Selling Pressure Ahead of Halving: Crypto.com CEO
Bitcoin may experience some selling pressure in the lead-up to the highly anticipated halving event, but the long-term outlook remains bullish.
In a recent Bloomberg Television interview, Kris Marszalek, CEO of Crypto.com, Kris Marszalek, acknowledged the possibility of selling pressure in the near term due to the “buy-the-rumor, sell-the-news” trading phenomenon.
However, he emphasized that the halving will have a significant positive impact on the market in the long run.
“Over a longer period, the halving will make a substantial difference and is a positive development for the market.”
The next Bitcoin halving is expected to occur around April 20, or in another four days.
The event, which will result in a reduction of new Bitcoin supply, has historically acted as a catalyst for price increases.
#bitcoin halving in 4 days ⏳️
No panic
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