after those who sold into the rally get over their initial euphoria and get a strong visceral sensation
that the dollar ain't what it used to be.
I doubt that there will be much panic buying because of reward halfing.
What counts is what the ASICS owners do with their coins.
My mindset has always been, if I mined, I'd like to save all the coins, but I'd need to sell a portion to pay for the electricity anyway, so I probably would have sold more than necessary.
But now with the electrical costs being so low, I can afford to take whatever meager amount I mine and just save it all away.
I suspect that, in general, ASICs miners will be doing far more saving than GPU miners do.