Crypto Analyst Predicts Massive Bitcoin Selloff

Krutika Adani

Markus Thielen warns of a possible selloff of $5 billion in Bitcoin.

The selloff could arise from Bitcoin miners who will try to monetize their mining rewards post halving.

The Bitcoin Halving is scheduled in less than a week, approximately on 19th April.

It will reduce mining rewards from 6.25 BTC per block to 3.125 BTC.

With less mining rewards, miners would require more cash to cover expenses.