Halving is a checkpoint in the process, not its start.
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One of the most persistent myths surrounding halving is the expectation of an immediate effect.
It is believed that the market should react immediately, otherwise 'something went wrong'.
The key error here is the confusion between an event and a process. Halving is a point in a long chain of changes, not its beginning. It fixes the reduction in supply that is already occurring, but does not create it in the moment.
The key error here is the confusion between an event and a process. Halving is a point in a long chain of changes, not its beginning. It fixes the reduction in supply that is already occurring, but does not create it in the moment.
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