BitGo Go Network President Matt Ballensweig said that despite all the increases, Bitcoin (BTC) halving may not have been priced in yet.
Matt Ballensweig from BitGo Go made a statement about the approaching Bitcoin halving. He suggested that despite all the increases, the Bitcoin halving may not have been priced in yet, giving an example of the spot Bitcoin ETF approval.
With the approval of spot Bitcoin ETFs in January of this year, many people thought “this was an expectation and has already been priced in”, but he noted that there were more serious increases after the ETF approval. He also suggested that the critical changes in supply and demand equilibrium due to the halving could have a positive impact in the period after April.
Highlighting that such important turning points could lead to movements beyond predictions, Ballensweig continued his statement with the following words:
Crypto investors are constantly asking if the ‘halving has been priced in’ and each cycle tends to remain unpriced during these periods. Similarly, many investors thought that the approval of spot Bitcoin ETF was already priced in, but in the first 60 days after the ETF, the price of Bitcoin increased significantly.
