The halving is not priced in. Humans don’t fully grasp scarcity.
Core value prop is 21 million. Fixed, unchangeable monetary policy. The mechanism of falling coin emission is the halving. There is no way that the supply shock doesn’t impact price. The only debate should be about whether it’s priced in.
It’s not priced in.
Given your average person’s misunderstanding of money, those dabbling in bitcoin are not even close to groking true scarcity. It is completely foreign. Even Bitcoiners don’t fully get it. We are the fiat generation and it will take time to undo the baked in misunderstanding.
- McCoy, The Halving Tracker Maxi
