Block halvings only occur every four years. Bitcoin'south third halving is set up to take place in May 2022, but is the outcome already priced in? Twitter personality, The Crypto Dog, recently asked the community to weigh in.

"Practise you lot remember the halving is priced in?" the trader asked the crypto community in an April 22 Tweet.

This time is different

Every four years, Bitcoin'due south code dictates a l% block reward slash. In May, Bitcoin's mining reward will drib from 12.5 BTC, to 6.25 BTC per block. In theory, this volition cause a deflationary event. The potential for this consequence has seen significant discussion in recent months.

Bitcoin is more mainstream today than information technology has ever been before. The asset is also entering new waters amid a struggling economic system — a consequence of the coronavirus pandemic. Many industry participants have discussed whether or not Bitcoin's current price already reflects the upcoming outcome.

The public has mixed thoughts, but several see delayed reaction incoming

Expecting a price reaction several months down the route, spurring a crypto balderdash market, one Twitter user said Bitcoin's halvings are never priced in. A different user said he thinks the issue volition be insignificant on Bitcoin'due south price in the short term, stating his want to picket how things pan out over the next four years.

Another Twitter member likewise suggested a price ascent for Bitcoin, but but years down the line, as was statedly the case with prior halvings. Current sentiment that sees Bitcoin's cost ascent before long following the halving is a fallacy, he posited.

The tweet garnered 631 responses as of press time, showing a mixed purse of sentiment on Bitcoin's upcoming affair.

A separate commodity from Cointelegraph showed data surrounding Bitcoin'due south last two halvings. Although the findings were inconsistent regarding an immediate price reaction at the time of the halvings, the years following the event yielded significant cost gains.