Bitcoin is expected to experience its fourth halving in April 2020, with the leading cryptocurrency currently dipping from its previous all-time high. Yet, Crypto.com's CEO remains optimistic, suggesting that BTC sales could surge around the halving event. Kris Marszalek highlighted the historical trend of Bitcoin's price increasing post-halving, anticipating increased selling activity as the halving approaches.

Despite the current circumstances, Karl emphasized the long-term impact of the halving, noting it as a significant and positive development for the industry.

With Bitcoin currently trading at $63,479, experiencing a 4.22% dip in the last 24 hours and a 9.06% loss over the past week, Karl's prediction seems to be materializing.

According to the latest Bitcoin forecast, BTC could reach $100,000 by 2024, following historical trends of surging in value post-halving. The Crypto.com CEO also anticipates significant activity in the next six months.

For those unfamiliar, Bitcoin undergoes halving every four years, halving miners' rewards by 50%, consequently reducing the rate of new bitcoin creation and creating artificial scarcity in the market.

The fourth BTC halving will reduce miners' rewards from 900 to 450, initially slowing down the market but historically followed by a bullish rally within a couple of months.

In preparation for the expected surge, Crypto.com has opened hundreds of job positions and plans to extend its services to South Korean retail consumers in April. As a major crypto exchange, Crypto.com's CEO's statements are closely regarded within the community.