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The halving narrative is overrated and already priced in. The market is aware of the supply schedule, and it discounts all public information back to the spot price.

Nothing known in advance can jolt the spot price. Mining is not the only supply side pressure on spot prices, plenty of sellers on the way up.

Treat lightly, and own what you can do without.

Sourcenode 2y ago

As a bitcoiner I tend to assume the same thing.

However when I talk to literally anyone else their general lack of knowledge around bitcoin is astounding.

I'd like to see what percentage of americans think the following.

1. Bitcoin is a company.

2. Bitcoin has a maximum supply.

3. Bitcoin will never reach all time highs again.

I would guess a return of +50% incorrect answers to each question, but maybe I just live in a low IQ jurisdiction 😂

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Discussion

The Ben Gunn 2y ago

true, but that IS reflected in the price because they are not buying. And the 'event' will pass by them, as it has in the past.

Others have bought in anticipation of the halving, and pushed up today's price - not April's price.

Any public information, even future events, are accounting for in the spot price. Especially 100pc guaranteed events like the supply cut.