Arthur Hayes and Will Clemente explore how this Bitcoin halving might diverge from previous ones and what that means for investors.Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.The Bitcoin halving is just around the corner, expected to be on April 19 or April 20. Arthur Hayes, CIO of Maelstrom, and Will Clemente, co-founder of Reflexivity Research discuss the rise in Bitcoin prices ahead of the halving, the impact of the approval of spot Bitcoin ETFs in the US, and the potential effects of the halving on the price trajectory post-halving. They also discuss the potential impact of a new class of investors on Bitcoin's price, volatility, and decentralization. Learn more: Bitcoin Halving: What Is It & How Is It Determined?Moreover, they dive into the impact of the macroeconomics, geopolitical, and demographic conditions for the crypto asset industry, the potential for L2s on Bitcoin, and their price predictions for bitcoin by year-end. Show highlights:How the approval of spot Bitcoin ETFs altered the price trajectory of BTC before the halvingWhether the introduction of spot Bitcoin ETFs impacts Bitcoin's decentralization and price volatilityWhether this cycle could be the "last cycle" or the "supercycle"Why Arthur predicts a 90% drawdown in the future and how they determine when the markets are nearing the top of the cycleThe effect of high inflation, the election, and the termination of the bank term funding program on BitcoinHow artificial intelligence is expected to trigger a productivity boom, according to WillWhy Will considers Coinbase to be mispricedWhether Bitcoin L2s have a future and if security budgets are a concernTheir views on Bitcoin Ordinals and the Runes Protocol launchWhy Will views DOGE as a purer commodity than ETHArthur's rebuttal to claims that Ethena could follow in Terra/Luna’s footstepsArthur's and Will’s Bitcoin price projections for the end of the year and the cycleThank you to our sponsors!  PolkadotGuest:Arthur Hayes, CIO of Maelstrom.Previous appearances on Unchained:Arthur Hayes on Why Bitcoin Is Money and ETH Is a Shitcoin He LovesArthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH Arthur Hayes of Bitmex on Why Countries Will Turn to DigitalThe Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the BanksHow Crypto and Blockchain Technology Could Change Financial ServicesWill Clemente, Co-founder of Reflexivity Research-Previous appearance on Unchained: Strong Hands Aren't Selling Bitcoin. So Who Is? LinksThis cycleNaval’s tweet: “The narrative for this cycle is ‘this is the last cycle.’”Unchained: Here’s Why No One Agrees Exactly When The Bitcoin Halving Will HappenBitcoin Miners Diversify Their Revenue Streams as Halving NearsHeatwave by Arthur HayesDissecting Bitcoin's “4 Year Cycle,” guest post by Will Clemente on The Pomp LetterBitcoin ETFs:Unchained: The Best Spot Bitcoin ETFs for Different Types of InvestorsWho Is Buying Into Spot Bitcoin ETFs? We'll Soon Start to Get an IdeaBitcoin ETFs Explained: What Are They & How Do They Work? Macroeconomic conditionsCNBC: Consumer prices rose 3.5% from a year ago in March, more than expectedFT: Investors lose hope of rapid US interest rate cuts this yearBlock size warsBloomberg: The Block War Is Still a Sore Subject for ‘Bitcoin Jesus’ Bitcoin L2sUnchained: Stacks’ Muneeb Ali On Why Bitcoin Is Exciting Once Again RunesDecrypt: Bitcoin Runes Launch at the Halving: Here's Everything You Need to KnowEthenaHayes’ tweet on EthenaUnchained: ENA Surges 20% to New All-Time High as Ethena Rolls Out Reward BoostsEthena’s USDe Grew to $2 Billion in 7 Weeks. Is It Safe?What Is Ethena's USDe Synethic Dollar?Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/p