Bitcoin’s upcoming halving event is causing speculation about short-term selling, but Crypto.com CEO Kris Marszalek remains positive about its long-term effects on the market. Marszalek believes that while the halving may lead to short-term volatility, historical data shows that it usually results in price increases in the long run.

According to Marszalek, Bitcoin’s recent record highs have added uncertainty to the situation. In March, Bitcoin reached an all-time high of $73,750, marking the first time it hit a new record prior to a halving event. Despite the possibility of short-term selling as the fourth halving approaches, Marszalek is optimistic and expects positive developments in the market within six months following the event.

Currently, Bitcoin is trading at $63,132, representing a 14% decrease from its March peak. The upcoming halving, scheduled for April 20, will cut miners’ rewards in half, impacting mining profitability. Various industry experts have differing opinions on the halving’s effects. 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 anticipates price declines due to limited dollar liquidity during the period. Marathon CEO Fred Thiel suggests that the halving’s impact may already be factored into the market, pointing to successful spot ETF approvals.

As the Bitcoin halving event approaches, it’s essential for investors to stay informed and consider the potential implications on the market. Stay updated with the latest news and insights on Global Crypto News to make informed decisions in the dynamic world of cryptocurrencies.

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