Currently new BC are created worth of 1.4 million dollars every day. If we assume that the current need for BC is worth of 1.4 million dollars a day and BC supply halves, shouldn't that mean, that price should double? Or has that allready been baked in the current price?
It should rise logically yes but it won't double because the daily mined coins are going to get halved from 25 BTC to 12.5 BTC and not every coin that exists on the world will get halved . only the new mined ones
Yes I understand that
My reasoning is that there atm is influx worth of 1.4 million dollars a day from fiat to bc and that influx doesn't care about block reward. But you are right, it won't double, because existing bitcoin owners have incentive to sell their coins because price is higher.
