If 900 coins are mined per day...
The halving reduces mined supply by well half...
This means 450 coins will no longer be mined/supplied/day...
At a price of $50k this will result in a stock supply flow decrease of $22.5 million/day
At a price of $70k this will result in a stock supply flow decrease of $31.5 million/day
If demand stays (just) constant = NGU.
Perma bullish