Connect with us

Hi, what are you looking for?

Economy CEO Kris Marzsalek Sees Bitcoin Price Correction as Positive Sign

In an interview with CNBC, Kris Marzsalek, CEO of, characterized the recent downturn in Bitcoin price as a “healthy” market correction.

Following a bullish trend that pushed Bitcoin to new heights, the cryptocurrency experienced a correction, currently trading at $68,715 according to CoinMarketCap. As the dip drew attention from investors, Marzsalek discussed this recent shift, noting it as part of the market’s natural ebb and flow.

Bitcoin Dropping from $73,000 is “Healthy”

Marzsalek first elaborated on the factors contributing to the current market dynamics, citing the substantial influence of Bitcoin exchange-traded funds (ETFs) on pumping the crypto’s value.

“The move is predominantly driven by the inflows from the Bitcoin ETFs,” said Marzsalek. “There’s a problem with supply side. So, it has to be reflected in the price.”

When queried about Bitcoin’s price drop from over $73,000, Marzsalek offered a straightforward analysis. “I think it’s a healthy move,” he commented, highlighting the necessity of such corrections for removing excess leverage in the market.

Marzsalek advocated for steady growth rather than abrupt spikes, suggesting that the current activities will foster a more stable and enduring market cycle over the next 12 to 18 months.

Marzsalek Sees “Steady Ramp Up” Ahead

In the past few days, the volatility witnessed in Bitcoin raised questions about the immediate forces at play. Marzsalek clarified, based on’s extensive data, the fluctuation is a reflection of activities in the options market, and not unusually high compared to past cycles.

“We can look back at what happened in 2021 cycle from retail perspective and compare it to what’s happening now,” said Marzsalek. “Probably in December, 2020, January, 2021, we are seeing this kind of metrics.”

“This level of volatility is actually pretty low comparing to what we’ve seen in previous cycles,” said Marzsalek.

Marzsalek predicted a “steady ramp up” in the future while the market size grows and the sudden dips happen less frequently.

“This is an asset that you want to hold for decades, not for days or weeks,” Marzsalek concluded.

The post CEO Kris Marzsalek Sees Bitcoin Price Correction as Positive Sign appeared first on Cryptonews.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



BTC has dipped by 0.5% today, with the Bitcoin price more or less holding to the $70,700 level on a day when the crypto...


TON Foundation has partnered with HashKey to support the “open network” and “increase access” to fiat on and off-ramps for Telegram wallet users in...


FBI Director Christopher Wray told the House Appropriations subcommittee on Thursday that there is an increasing concern of a potential coordinated attack in the...


Conservative activist Leonard Leo has been subpoenaed by the Senate Judiciary Committee related to an investigation into Supreme Court ethics in what he calls...


House Republicans’ campaign arm is announcing that it raised more than $33 million in the first three months of 2024. It comes as GOP...


The Trump campaign is calling for additional 2024 presidential debates and for them to take place ‘much earlier’ than initially proposed by the debate...

You May Also Like

Financial Advisors


Financial Advisors


Financial Advisors

The humongous outbreak of the dreaded coronavirus has brought about a groundbreaking change in what the world perceived as ‘normal’. With an estimated 280,391,189...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Respect Investment. All Rights Reserved.