Bitwise CEO: This April's Bitcoin halving may be the most impactful one

ChainCatcher news, Bitwise CEO Hunter Horsley posted on the X platform that the Bitcoin halving in April 2024 could be the most impactful in history.

The reason is that the last Bitcoin halving occurred in 2020, when the Bitcoin price was around $9,000. Therefore, in dollar terms, the reduction in supply was about $9 million per day, or about $3 billion per year.

In this upcoming Bitcoin halving, the Bitcoin price is around $70,000, and the reduction in supply in dollar terms will increase by more than 3 times: about $32 million per day, or about $11 billion per year.

Naturally, the amount sold will decrease significantly, while demand continues to grow.