THE BULLISH CASE FOR BITTENSOR'S FIRST HALVING

Summary from the TLDR Crypto newsletter

Bittensor's first halving in December will cut TAO emissions by 50%, reducing sell pressure and mirroring Bitcoin's deflationary cycles. Unlike Bitcoin, Bittensor's dual-token model adds complexity. Subnet tokens (Alpha) share liquidity pools with TAO, meaning halved emissions tighten liquidity and amplify volatility. The network's strongest subnets should gain share as weaker ones fall off. Like Bitcoin, Bittensor's halving is seen not as a risk, but as a stress test that strengthens the system.