Historically halvings have been very good,…

Historically halvings have been very good, as there's less supply coming onto the market. Maybe some self fulfilling prophecy too. Saylor says ETF will be big, and he's right. Miners are very sensitive to price rewards, they dont mine at a loss. So lots of machines get turned off. In 4 years time they'll likely be dated anyway, so renting them doesnt do much. Ultimately worst case scenario for bitcoin is that the diff adjustment takes 4 weeks instead of 2, but it'll probably be something like 18 days. Mining isnt really a very good business, your key source of income decreases exponentially. Bitcoin gets stronger I think in this next epoch. The security budget is more a problem for the 2030s or 2040s, but we'll have good solutions by then I think. Ultimately the news has been all good this epoch, and so btc is under valued, it ought to go to around 50k next epoch. Much will depend on whether external or internal forces try to attack it.