Crypto.com CEO: Bitcoin's price may drop after halving, but it will see strong performance within 6 months

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2024/04/18 04:42

The CEO of Crypto.com stated that the price of Bitcoin may fall after halving. He cited the market psychology of "buy on rumors, sell on news", meaning investors tend to buy before good news is announced and sell for profit after the news has been digested. Despite this, he remains optimistic about Bitcoin's performance over the next six months and predicts it will show strong performance. He believes that the reduction in supply caused by Bitcoin's halving will benefit its long-term price trend.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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