@iron12dragon
The Bitcoin halving always sparks debates about price impact, but the real story lies in miner behavior. With block rewards shrinking, miners are increasingly reliant on transaction fees. This shifts incentives toward maintaining healthy on-chain activity. The emergence of Ordinals and other inscription-based activity shows how unexpected narratives can breathe life into blockspace demand. For the first time, Bitcoin’s fee market is becoming sustainable, and this has long-term implications. Bitcoin isn’t just about being “digital gold.” It’s evolving into a scarce computational canvas, where demand for blockspace could rival its store-of-value narrative.
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