👀 $TAO just completed its first halving — and I've been quietly watching what happens next.
Halvings in crypto follow a pattern. Supply shock happens immediately. Price reaction is delayed. The market usually needs 3-6 months to fully price in the reduced emissions.
Bittensor is genuinely different from most AI crypto projects and I want to explain why that matters to me specifically.
Most AI tokens are infrastructure plays — they're betting that AI companies will use their network. $TAO is the network where AI models themselves compete. Validators run machine learning models. The models that perform best earn emissions. Bad models get replaced by better ones automatically.
It's Darwinian AI development running onchain. The network gets smarter over time not because a team decided to upgrade it but because economic incentives force continuous improvement.
Upbit Korea listing happened the same week as the halving. Korean exchanges historically drive significant volume for projects they list — the combination of halving supply reduction and new market access is an unusual catalyst alignment.
Van De Poppe publicly targeting $300 on $TAO. Current price sitting significantly below that. Whether that target is realistic depends entirely on whether the AI subnet ecosystem grows meaningfully in 2026.
What I keep coming back to: Polychain Capital and other serious funds have maintained positions through the bear market. They tend to have longer time horizons and better information than retail holders.
First halving done. Korean market open. Still watching.