The current cost of BTC does not yet take into account the upcoming halving

One of the biggest cryptocurrency discussions in recent months is the future reduction in rewards.Bitcoin miners (halving) and its potential impact on the price of an asset. Halving will result in a reduction in remuneration from 12.5 BTC to 6.25 BTC per block.

Many market analysts believe that halving inthe current moment is already included in the price of the asset, as this is well-known information about bitcoin. According to them, buyers and sellers already had many opportunities to make an “appropriate move”.

However, others believe that the market is not behaving so efficiently. The head of the largest cryptocurrency exchange Binance, Changpen Zhao (CZ), was also among them.

In a recent interview for BlockTV, Changpen Zhao expressed his opinion on a future event:

“Personally, I think that halving is not currently included in the price ... People spend a lot of time understanding this concept.”

«I personally believe the halving has not been priced in.»

Don't miss @cz_binance discuss @binance future, China and the impact of Coronavirus and why he is positive on the price of #Bitcoin.

See must watch in-depth interview at: https://t.co/o9xb0D0Mqp pic.twitter.com/1BTp9XXtSj

- BLOCKTV (@BLOCKTVnews) February 19, 2020

CZ acknowledged that the price of bitcoin is indeedhas grown after two previous halvings. Zhao believes that this event will primarily have a psychological impact on bitcoin miners, as in the short term, the cost of producing coins will double and they will be reluctant to sell them. This, in his opinion, will also positively affect the price.

Changpen Zhao also explained that, according to basic economic laws, the demand for bitcoins and its price should increase when the supply of new coins decreases.

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