Most misunderstood topic in Bitcoin: THE HALVING!! If an event is known in advance, markets tend to price it in. See Eugene Fama’s Efficient Market Hypothesis. ❌ The halving does not “reduce supply.” ✅ It reduces the rate of new issuance, think lower inflation, not fewer existing coins. Back in 2022 we kept asking: “What if there were four halvings in one year?” In a bear market, it wouldn’t magically change anything. Demand and liquidity move price, not the calendar. Thanks for reading 🙏