Bitcoin is poised to experience its fourth halving in April 2020, marking a temporary downturn from its peak. However, according to Crypto.com CEO Kris Marszalek, BTC has historically seen a surge in sales around halving events. Marszalek predicts increased selling activity as Bitcoin approaches halving, though he views the event as a positive development for the industry in the long term.

Bitcoin is currently trading at $63,479, reflecting a 4.22% decrease in the past 24 hours and a 9.06% loss over the past week. This aligns with Karl's observation of Bitcoin's recent performance.

Forecasts suggest that Bitcoin could reach $100,000 in 2024, supported by historical data indicating a surge in value following halving events. Marszalek shares optimism for Bitcoin's performance in the next six months.

For context, Bitcoin undergoes halving every four years, reducing miners' rewards by 50% and slowing the rate of new bitcoin creation to create artificial scarcity. The upcoming halving event will reduce miners' rewards from 900 to 450, initially slowing the BTC market but historically leading to a bullish rally in the following months.

Crypto.com is preparing for the anticipated surge by issuing hundreds of job openings and expanding services to South Korean retail consumers in April. As a major crypto exchange, Crypto.com's CEO statements carry weight within the community.