🚀 Bitcoin halving is here! 🎉 Bitwise CIO Matt Hougan thinks it's already priced in, but with a twist.

- At block 840,000, new BTC per block drops from 6.25 to 3.125, cutting daily supply by ~450 BTC.

- This change is programmed into Bitcoin's code, so the current price should reflect the upcoming halving.

But here's the catch:

- Current prices only reflect the market's best guess of future BTC demand.

- Post-halving, the composition of sellers changes. Miners (forced sellers) will have less to sell, leaving more to willing sellers who demand higher prices.

Hougan's bullish, believing the market's underestimated long-term BTC demand. 💪

What's your take? Is the halving fully priced in or will we see a surge? Let's chat below! #BitcoinHalving #CryptoTalks