the halving cycle has been disastrous for mental models going forward imo
Discussion
That's probably the right framing.
People spelling doom and gloom are always doing it from a cycle perspective
as the block reward shrinks, the halving will matter less and less. Maybe it already doesn't matter.
it matters from the perspective of fundamentals and market psychology, but not the driving force for price anymore
supply-side perspective, like planb or c or power law or whatever.
demand dynamics have taken over for good, different game