IMO Bitcoin halvings are not “priced in” for three critical reasons.
1. Many individuals aren’t educated on Bitcoin halvings.
2. Some think Bitcoin’s security is flawed as the block subsidy trends to 0.
3. Today’s price bids bring miners tomorrow who sell to cover OpEx.
There is no nominal supply side response to an increase in the price of BTC, but there is an real supply side response to an increase in the price.
Miners continue mining on the supply distribution schedule, and miners usually sell to at least cover their OpEx.
3cap / Joe Burnett
npub1z5…zmqhw
2023-03-01 03:20:33
Author Public Key
npub1z5ds93lv6uky7n4676txw7aqp9qdcyhs00qdsmy96s4k6qd8rvaqnzmqhwPublished at
2023-03-01 03:20:33Event JSON
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