CEO of Bitwise Hunter Horsely has caused a storm in the cryptocurrency community with his latest statement. Horsely pointed out the future Bitcoin halving event, which he compared to the previous one of 2020. By the time, Bitcoin was sold at about $9,000. With Bitcoin now in the region of $70,000, the reduction in the supply of dollars expected to take place soon would be much greater than all such events in the past. This halving scheduled on April 19 is expected to be a key bullish driver for Bitcoin’s price.
Horsley’s comparison emphasizes the extent of the upcoming halving. This occurrence is expected to apply upward pressure on the price of the cryptocurrency when the generation of new bitcoins is reduced. The last halving in 2020 brought huge price gains, and optimism is mounting that the next halving could propel Bitcoin’s value even further.
Bitcoin Halving to Impact Mining Hashrate
The forthcoming Bitcoin halving has a context that encompasses more than just the event it
We współpracy z: https://coingape.com/bitwise-ceo-predicts-monumental-bitcoin-halving-impact/
