Bitwise CIO: Bitcoin Halving Sparks ‘Buy the News’ Frenzy

In an exclusive interview with CNBC on April 19th, Hougan revealed his thoughts on the highly anticipated Bitcoin (BTC) halving event. He believes that this year’s halving presents a golden opportunity for savvy investors to “buy the news” and capitalize on the world’s largest cryptocurrency asset.

“If you look historically at halvings, the price action within a week or two after the Bitcoin halving is relatively muted. But if you look out at a year, BTC prices have rallied substantially after each of the past three halvings and I think it will do so again.”

Matt Hougan, Bitwise CIO

The halving is a cleverly crafted code change, shrouded in mystery by the enigmatic creator of Bitcoin, Satoshi Nakamoto. To control the inflation of BTC and preserve its scarcity. Nakamoto’s ingenious system reduces mining rewards by half every 210,000 blocks, ensuring a steady and limited supply of this valuable cryptocurrency every four years.

As the clock ticks down on block mining rewards, the flow of new BTC into the market dwindles. Some speculate that this limited supply, coupled with the surge in demand from spot Bitcoin ETFs, will drive prices to new heights in the coming year. Hougan, a pioneer in the BTC ETF world, is a firm believer in this theory.

“The amount of new supply of Bitcoin coming into the market is being cut in half. We’re removing $11 billion of annual supply. I think big picture, that has to be good for price and that’s what I would expect over the next year.”

Matt Hougan, Bitwise CIO

Bitcoin halving to solidify spot BTC ETF demand

Bitcoin has evolved from a mere hobby and speculative venture into a legitimate asset, attracting the attention of institutional investors,” reveals Jeff Hancock, the CEO of Coinpass, in an exclusive interview with

As the digital currency gains traction, Hancock predicts that its impact on the market will be unprecedented, especially in a volatile economy plagued by inflation and high-interest rates.

“A historic market opportunity could present itself this Bitcoin cycle, after the 4th halving event. Bitcoin ETFs have already successfully launched in the US, we now have pending ETFs in Hong Kong, ETNs on the London Stock Exchange, and Bitcoin prices are already pushing all-time highs before the halving, something that has never happened before. Bitcoin’s market future has an unlimited potential in my opinion.”

Jeff Hancock, Coinpass CEO

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According to Hancock, the future of Bitcoin is bright and its demand will only continue to grow, even beyond 2024. He believes that traditional finance (tradfi) will play a significant role in the expansion of the crypto ecosystem.

In just six months, spot Bitcoin ETFs have already accumulated a staggering $60 billion in assets. The CEO of a prominent UK-based crypto company predicts that this success may also extend to an Ethereum ETF, despite facing strong resistance from the US Securities and Exchange Commission (SEC).

“Institutional demand for Bitcoin is here to stay. Ethereum ETFs could follow in 2024, meaning institutional investors will now have access to staking rewards and decentralized finance through an institutional instrument.”

Jeff Hancock, Coinpass CEO

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