BitGo Go Network President Matt Ballensweig said that despite all the recent increases, Bitcoin (BTC) halving may not have been priced in yet.
With less than 1 week until Bitcoin halving, Matt Ballensweig from BitGo Go made a statement about the issue. Despite all the recent increases, the experienced name expressed that Bitcoin halving may not have been priced in yet, giving an example of spot Bitcoin ETF approval.
He noted that this year, many people thought that the approval of spot Bitcoin ETFs was an expectation that had already been priced in, but after the ETF approval, more serious increases were seen. He also stated that the critical changes in supply-demand balances with the halving could have a positive impact in the period after April.
Ballensweig emphasized that such important breakthrough points could lead to movements beyond expectations, continuing his statement with these words:
Crypto investors are constantly asking whether ‘halving is priced in’ and every cycle tends to remain unpriced during these times. Similarly, many investors thought that the spot Bitcoin ETF approval had also been priced in, but after the ETF, the price of Bitcoin increased significantly in the first 60 days.
