The CEO of Crypto.com, a digital asset exchange based in Singapore, is optimistic about the future of Bitcoin’s bull market cycle. Kris Marszalek believes that the upcoming halving event, which will cut miners’ rewards in half, will have a positive impact on Bitcoin within a six-month timeframe. However, he cautions that there may be some selling of Bitcoin in the near future.

Marszalek explains that the halving event will improve the overall situation by reducing the amount of Bitcoin being sold by miners. While the immediate impact may not be significant, he expects it to make a substantial difference over a period of six months. He acknowledges the possibility of a “buy the rumor, sell the news” scenario leading up to the event, which could result in some selling of Bitcoin.

He advises investors to view Bitcoin as a long-term asset and recommends adding it to their portfolio, particularly for those with a time horizon measured in years or even decades. He expresses confidence in Bitcoin’s performance in the next six months.

Marszalek also comments on the current retail demand for Bitcoin, noting that it is lower compared to the previous cycle but anticipates an increase in the future. He reveals that Crypto.com plans to expand its services to other jurisdictions, as they have almost completed their regulatory licensing requirements in major markets.

At the time of writing, Bitcoin is trading at $61,914, experiencing a decline of over 4% in the last 24 hours.

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