Bitwise CEO: The supply reduction of this halving will increase by more than 3 times, which may be the largest impact in history
According to TechFlow news, Bitwise CEO Hunter Horsley posted on X that the Bitcoin halving in April 2024 may be the most influential in history.
It said: “The last Bitcoin halving occurred in 2020, and the Bitcoin price was about $9,000. Therefore, in U.S. dollars, the supply reduction is about $9 million per day and about $3 billion per year. In this Bitcoin During the halving, the price of Bitcoin is about $70,000, and the reduction in supply in U.S. dollars will increase more than 3 times: about $32 million per day, about $11 billion per year. The number of natural sales decreases significantly, and at the same time people’s The demand keeps growing.”
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