It’s been a long standing debate within the Bitcoin community; is the Bitcoin Halving priced in?
Let’s start by explaining what the Bitcoin Halving is. When people say that Bitcoin is going to halve (half), they mean that the block rewards that get issued every time a block is mined will be cut in half. For example, when Bitcoin miners are rewarded for mining a block now, they are issued 12.5 BTC. When the Halving occurs, the reward will be reduced to 6.25 BTC as the rewards get cut in half.
Because the rewards get cut in half, it affects the supply of the amount of Bitcoin being issued globally. When the supply is cut in half, it could potentially cause the price to rise if the demand continues at the current rate or increases. With a high demand and decreased global supply, it could naturally make the price rise.
So it begs the question, prior to the Bitcoin Halving, have people already bought Bitcoin in anticipation of the Halving event hoping to make profits on the naturally occurring price increase? Or are people waiting for the event to happen before buying?
If you think that people have bought Bitcoin prior to the Halving in anticipation, then you might say the Halving is priced in. If you think that people will wait to buy until after the Halving, then you might say the Halving is not priced in.
If you look at the charts for the price with less than two weeks to go for the Bitcoin Halving, you can see that the price has jumped up skyrocketing from around $7500 USD to $9300 USD, even hitting over $9500 on some exchanges.
At the time of this writing, there are only 11 days left until the Bitcoin Halving event. You can keep track of the time left until the Halving using this handy Bitcoin Halving countdown clock.