I would not recommend shaving his belly- the fur protects the skin and provides “padding” for when he is resting. And I have noticed when bunnies are shaved for spays that the hair takes a long, long time to grow back- 4-6 months in sterile prep shave area (incision site seems to grow hair back right away).
I think he would be more uncomfortable being shaved- as his fur is not constantly growing like some of the Long Haired breeds- and who knows how long it takes for it to grow back completely. Plus his body if it does recognize the hair loss might expend energy to regrow the hair that is not part of his normal schedule. It would not be an easy area to shave on an awake bunny- they have fine, delicate skin and you might risk clipper burn of nicking his skin.
I use the HairBuster comb on my bunnies bellies when I trim their nails- that seems to help a lot and since hubby is already holding them for nail trim it is not too offending to them.