One factor that I think is certainly not currently priced in that will soon become evident.

ETF, The Halvening, FASB revised accounting rules, bank lending via Bitcoin collateralization, all of these things may or may not be priced in, but one thing that is certainly not priced in is this:

Most of us are completely fucking insane and our Bitcoin is not for sale. Not for $100k, not for $1M. Not for $100M. The only way I will sell Bitcoin is that when it is so valuable that I can buy everything I want for a tiny fraction. AND when I am able to do that, I won't need to sell because I can use that Bitcoin to take out a loan in an inflationary currency and buy whatever the hell it is I want.

My Bitcoin is not for sale for dollars, and most of the Bitcoin held by people like me is also not for sale

When the no-coiners wake up and realize they have to get some Bitcoin, I don't know where the fuck they are going to get it, but I know they will not be getting it from me. I guess they can try to mine it, but even that is going to get pretty difficult in 3 months.

We are not selling our Bitcoin for inferior government money, and that is not priced in. When the price does rise and the thin surface level liquidity gets evaporated, people are going to stop pricing Bitcoin in dollars, because Bitcoin's value cannot be quantified in currency with an unlimited monetary supply.