Bitwise CEO: This April's Bitcoin Halving May Have the Biggest Impact in History

Bitwise CEO Hunter Horsley said on the X platform that the April 2024 Bitcoin drop could be the most impactful in history. The reason for this is that the last Bitcoin drop occurred in 2020, when the Bitcoin price was about 9,000 therefore, the supply reduction in dollar terms was about $9 million per day, or about $3 billion per year. A halving of Bitcoin to about $70,000 would more than triple the amount in dollar terms: about $32 million per day, or about $11 billion per year. Natural sales are dramatically reduced while demand continues to grow.