Not even 1% of people on the planet are familiar with the fundamental strength of Bitcoin. Over 99% don't know anything yet. The halvings can NOT be priced in if 99% of people don't even understand Bitcoin.
The value of Bitcoin comes from itself, not because 1% or 2% of people on Earth know about it, familiar with its strength. People can use US dollar or gold more than bitcoin but they have less values than bitcoin on market, purchasing powers are smaller than Bitcoin purchasing power.
In cryptocurrency, if you know Bitcoin, you know about Ethereum but it does not help Ethereum to have same value as Bitcoin.
So the value of Bitcoin comes from something else like its total supply, its decentralization and usability.