Bitwise CEO: This halving will reduce supply by more than three times the previous amount, potentially making it the most impactful in history

TechFlow News — Bitwise CEO Hunter Horsley posted on X stating that the Bitcoin halving in April 2024 could be the most impactful in history.

He explained: "The previous Bitcoin halving occurred in 2020, when Bitcoin was priced at approximately $9,000. Thus, the reduction in supply amounted to roughly $9 million per day, or about $3 billion annually in dollar terms. In this latest halving, with Bitcoin priced around $70,000, the supply reduction in dollar terms has more than tripled—approximately $32 million per day, or about $11 billion per year. The amount of natural selling is significantly reduced, while demand continues to grow."