Kris Marzsalek, CEO of the popular cryptocurrency exchange Crypto.com, said that Bitcoin is at the December 2020 level and the increases will snowball.
Speaking to CNBC’s Squawk Box program, Crypto.com CEO Kris Marzsalek excited cryptocurrency investors. Bitcoin is currently in the cycle In a phase reminiscent of December 2020 Stating that the CEO explained the recent declines as “very healthy” he described.
In the continuation of his statement, Bitcoin shortage of supply While he states that it inevitably brings an increase, he still Gradual and controlled increases rather than sudden and large increases He emphasized that it would be more useful.
Kris Marzsalek also commented on the latest corrections consists of shaking off leveraged positions said that:
This is a very successful product. There is a shortage of supply, so this needs to be reflected in the price. The last correction, in my opinion, was a healthy move that removed some of the leverage that had accumulated in the system. What we want to avoid are sudden, super aggressive spikes. We want to see a steady influx into the industry, Bitcoin and other coins. This will allow us to work for approximately 12 to 18 months.