The Halving Is Behind Us - Where Does the Supply Story Go From Here

[Joel96]

The April 2024 Bitcoin halving reduced the block reward from 6.25 to 3.125 BTC. The historical pattern has been that halvings precede significant price appreciation, and the late 2024 and early 2025 bull run followed that pattern. The current price weakness is now happening well into the post-halving period.

The supply side argument for Bitcoin has always been that decreasing issuance against fixed demand creates upward pressure over time. But the 2026 price action has complicated the narrative somewhat, with the inflation hedge thesis also under pressure.

How do you think about the supply side economics of Bitcoin now that the halving effect has had time to play out?

[DarkMatter23]

The halving supply argument is real but the demand side is what determines price and demand is affected by macro conditions that the halving has no relationship to. The supply story is necessary but not sufficient