Bitwise CEO Hunter Horsley believes that Bitcoin is on track to have its most significant halving
In his post on the X social media network, Horsley compared the impending halving to its predecessor in 2020."The last Bitcoin halving in 2020 occurred when Bitcoin was at approximately $9,000," he noted."This halving with Bitcoin hovering around $70,000, the reduction in supply will be over three times greater in dollar terms."The fourth Bitcoin halving, which is slated to occur on Apr. 19, is expected to be a major bullish catalyst.
However, a significant drop in Bitcoin's price could see a more substantial portion of the hashrate coming offline.
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