Bitcoin (BTC) Halving Is Not Priced In, Says Lolli CEO Alex Adelman


Lolli CEO Alex Adelman recently opined that the upcoming Bitcoin halving wasn’t priced in during his interview with CNN’s Julia Chatterley. 

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Uncharted waters

Adelman explained that BTC has only reached a tiny percent of the total population, and people still fail to understand it. Fundstrat’s Tom Lee recently estimated that the Bitcoin price could quadruple if the coin doubles the number of users. 

On top of that, major institutions are still in a wait-and-see mode. Hence, BTC is yet to see the full effect of institutional follow-through. 

“When I talk to my friends that are on the deep institutional side that have billion-dollar hedge funds, they are still waiting. […] I just don’t think that it has been priced yet”

With that being said, the big difference between this halving and the two previous ones is that masses are already aware of BTC after its headline-grabbing bull run in 2017.   

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How high? 

The halving that will take place in 2024 could be more priced in, according to Adelman. However, this year’s supply reduction still has plenty of upside potential.   

As reported by U.Today, some parabolic bulls predict that the BTC price could go to as high as $100,000 this year.   

There are also permabears who believe the halving that estimated to take place in late April will be bearish for the price.

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