It may sound dramatic (a terrifying apocalypse involving aliens and a long-period harvest of humanity always springs to mind), but the ‘Halving’ will be a non-event according to Jason Williams, co-founder at Morgan Creek Digital.

We are, of course, referring to the next Bitcoin (BTC) Halving – where the amount paid to miners for each block will halve from 12.5 BTC to 6.25 BTC.

The interesting thing is that, until recently, the general consensus was that the approaching Halving, which takes place in May, will seriously stimulate the market, driving prices up significantly.

Unpopular Opinion –

Bitcoin halving in May 2020 won’t do anything to the price. It will be a non-event.

— Jason A. Williams 🦍 (@JWilliamsFstmed) December 1, 2019

In fact, fellow Morgan Creek Digital co-founder, Anthony Pompliano, better known as ‘Pomp’, is one of those convinced that the coming Halving will have a very significant positive effect on the price of BTC.

And, Pomp’s reasoning seems to be back-up by many who feel the event hasn’t been priced in by most players in the market. Some have gone as far as suggesting many of the actors in the market actually don’t even understand what the Halving is!

The Bitcoin halving is not priced in.

— Pomp 🌪 (@APompliano) November 10, 2019

The Bitcoin (BTC) Stock-to-Flow tool, which has a track record of accurate predictions, also points to BTC reaching over $100,000 by 2022 – implying we should expect big moves upwards at the Halving.

Other analysts are pointing out that the coming Halving will take place when Bitcoin (BTC) is in a very different position than during the previous two events, when there were bull markets. And, on top of all that, some are convinced we’ll see Halving effects impact as much as 6 months either side of the event.

AYO.NEWS says (this is not investment advice, just conjecture):

What does this all tell us? Basically that analysts are doing what analysts do, and over-thinking things. Quite simply there are just too many factors that can affect Bitcoin (BTC) – and, crucially, effect it extremely dramatically, extremely quickly. We are going into completely uncharted territory, and with only two previous Halvings, there is far too little data for reasonable predictions beyond using base logic.

Here, we are leaning toward Pomp’s views. If the coming Halving has fundamentally not been priced in, and we strip the mechanism down to basics, then it seems most logical to expect it will create an upward swing.

But, then again, few things in the world are logical right now.

AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.