Nah he is right, every halvening is less important then the previous. Any greater movement will come in the year or two after the block reward is halved and thats happened in the past. The rise before the event is anticipation but the actual effect of the block reward falling is in action only afterwards and increases over time by reducing supply of new BTC but the alteration we make in 2020 is far less then previous changes , its a diminishing effect.
I agree with the principle but I think this one will be the biggest of all and it'll start to roll gently downhill in impact from the next one in 2024 onwards.
It's happening just as more building blocks are falling into place, it's being taken seriously by more people than ever and in a way it hasn't up until recent times and the inflation rate will be lower than the average fiat currency just as it steps up into a new phase of legitimacy.
At the same time it's going to properly dawn on people that there really aren't that many fresh ones left to arrive. That was a factor barely worth considering with both previous halvings. There were still millions of coins to come. Now it's just over 10% for the rest of eternity.
That's a variety of factors aligning around this one that are unique and will never be repeated.
Guess we'll see soon enough.
Expectations over the halving are too high. They remind me of futures and BAKKT hypes.
Anyone who equates a major shift in the fundamentals of the whole thing with a couple of bits of tinsel in one jurisdiction isn't thinking hard enough.
