It's a nicely written article. Especially the 2nd narrative given in the article, is what the actual scenario will be! Understand a simple math of demand supply. If the demand of an asset remains constant and supply decreases, the price of that asset will increase. That's a very basic lesson of economics that we all read in school.
So as per the theory, the block reward will cut in half but the demand in the market is still robust, or even increasing day by day! So the price is supposed to be increased! I believe the current surge in price has already factored in the upcoming halving event and should continue in the same path! Let's hope for the best!
The global market supply of bitcoins isn't determined by the block rewards and BTC mining.
It's determined by how many people HODL bitcoins for the long term instead of selling their BTC.
I believe that 2/3 of the bitcoin users are HODLing bitcoin,this reduces the bitcoin supply and keeps the price high.
One of the factors too which would really limit out the entire circulating supply due to hodlers out there which havent tend to
sell out their bitcoins yet.In this case, if demand remains constant then its clear on what price we are heading.
We already seeing the possible effects on upcoming halving but we wont know if there would be a huge sell off before the main event.
The thing that do worries me is about miners situation.Would they tend to continue if block reward been halved?
