Part 5/16:
Addressing statements from PlanB and others, the host explained why miner economics are pivotal to Bitcoin’s future. The halving reduces block rewards by 50%, creating a supply shock that, under the laws of demand and supply, tends to push the price upward.
He elaborated that miners tend to hold onto their Bitcoin during bull phases, anticipating higher future prices—adding another layer of supply compression (a "supply shock of the huddle"). Additionally, higher Bitcoin prices improve miner profitability, incentivizing increased network participation, which further supports price increases.