The chief investment officer of crypto fund manager Bitwise believes that the upcoming halving event for Bitcoin will have a positive impact on its price. In an interview with CNBC Squawk Box, Matt Hougan explains that based on historical data, the halving event could trigger a significant rally in the long term. He suggests that investors should not overthink the short-term price action around the event, but instead focus on the reduction in new Bitcoin supply entering the market, which he believes will be beneficial for the price over the next year. Hougan also highlights the potential impact of spot Bitcoin exchange-traded funds (ETFs), noting that they provide easier access to the market for professional investors, which could result in increased liquidity and value for Bitcoin. At the time of writing, Bitcoin is trading at $63,862, showing a slight increase in the last 24 hours.