The CEO of Crypto.com, Kris Marszalek, believes that Bitcoin is currently in a phase similar to December 2020 and January 2021 when BTC experienced a parabolic rally from $20,000 to above $60,000 in just a few months. Despite the recent pullback in Bitcoin’s price, Marszalek remains optimistic, stating that the current volatility is relatively low compared to previous cycles. He predicts a steady ramp-up of the price as the market grows and liquidity increases, emphasizing that Bitcoin should be viewed as a long-term investment rather than a short-term one. As of now, Bitcoin is valued at $66,163, showing a decline of over 4% in the last 24 hours.
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Crypto.com CEO Says Bitcoin Cycle Currently in December 2020 Phase, Sees Steady Ramp-Up of Capital Flowing to BTC
