“The big gain depends on Coinbase rewards” Yes exactly and that will go away fast… so not sure what you are talking about honestly … In few halving from now if we don’t see onchain demand growing we will have a problem You can bet on demand growing or price growing to 20-30 million I’d rather add few other things that I believe would be great for bitcoin and that can increase chances of having stronger block space demand

Replies (2)

There are many factors that you are ignoring, you are only thinking on keeping total reward value consistent across halvings wich is not required, neither does hashrate needs to increase in the same rate across halvings. Is current hashrate at current price low, high or just right? Do you know?