The bitcoin halving is not priced in and the event will see "real changes" in the digital asset's supply and demand mechanics, an analyst said.

BitGo Head of Go Network Matt Balensweig has added his fresh take to the abundance of speculation over whether the halving has already been priced in. 

"Digital asset investors and traders constantly ask the question 'is the halving priced in' and each cycle it tends to not be. Similarly, many investors thought the spot bitcoin ETF approval was also priced in, but over the first 60 days of ETF trading the bitcoin price rallied considerably," Balensweig said in an email sent to The Block.

Halving will see 'real changes' in bitcoin supply and demand

Balensweig explained that certain events trigger tangible shifts in supply and demand …