The CEO of Crypto.com, a digital asset exchange based in Singapore, believes that Bitcoin’s bull market cycle is just beginning. In an interview with Bloomberg, Kris Marszalek expressed his optimism about the upcoming halving event, where miners’ rewards are cut in half, and how it will positively impact Bitcoin within a six-month timeframe. However, he cautioned that there might be some selling of Bitcoin in the near future.

Marszalek explained that the halving event would improve the overall situation by reducing the amount of Bitcoin entering the market through miner sales. While the impact may not be immediate, he believes that over a period of six months, it will make a substantial difference. He also acknowledged the possibility of a “buy the rumor, sell the news” scenario, where some selling might occur as the halving event approaches.

According to Marszalek, this is a period of consolidation, which has been observed in previous cycles. He emphasized that Bitcoin is an asset that should be held for a long time, measuring it in years or even decades. He strongly recommended that those with a long-term investment horizon add Bitcoin to their portfolio, as he personally expects great performance within the next six months.

In terms of retail demand, Marszalek noted that it is currently lower than in the previous cycle but anticipates it to increase. He mentioned that Crypto.com plans to expand its services to other jurisdictions as they have nearly completed their regulatory licensing requirements in major markets. This positions them to grow their business rapidly.

As of now, Bitcoin is trading at $61,914, representing a decrease of over 4% in the last 24 hours.

Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfers and trades are undertaken at one’s own risk, and any losses incurred are the individual’s responsibility. This publication does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that this publication participates in affiliate marketing.

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