Part 12/15:
The Significance of Halving and Supply Dynamics
He explained Bitcoin’s upcoming “halving”—a scheduled event every four years cutting the mining reward in half—as a critical economic event. The first halving in 2016 reduced the reward from 25 to 12.5 Bitcoins. This scarcity mechanism influences miners’ incentives, especially as technological advances (e.g., chip manufacturing and economies of scale) plateau.
He predicted price volatility—an initial surge followed by downturns—mirroring historical patterns. Yet, the underlying principle remains: scarcity combined with ongoing demand sustains Bitcoin’s value over time.