Good Lord! Youβre right. π€―
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And thatβs if demand for Bitcoin stays the same as what it is today in 30 years time π³
Some AI napkin math (the last data I fed it was $98k so bear that in mind)
Has the mining reward in dollar terms ever been consistently lower after a halving?
No, never. Even though the BTC amount halves, the dollar value has always increased substantially by mid-cycle:
β’ 2012-2016 cycle: ~$12,500 average
β’ 2016-2020 cycle: ~$125,000 average (10x increase)
β’ 2020-2024 cycle: ~$250,000-$400,000 (2-3x increase)
β’ 2024-2028 cycle: Currently ~$306,250 (already roughly matching the previous cycleβs average)
The immediate post-halving period might briefly see lower dollar rewards, but within months the price appreciates enough that miners are earning MORE in dollar terms despite getting half the BTC.ββββββββββββββββ