It will over the long term.
For those who don't understand why:
The Bitcoin of 4+ years from now will always be worth more mining cost in time than the Bitcoin of today. This fact will always be true due to the halving.
The fact that it's programmed to be worth more time later, gives incentive to get more NOW while it's easier. This drives up competition, which increases hashrate faster than it would if the halving wasn't a thing.
Hashrate is simply an increase in the effort of mining equipment, which don't get more efficient faster than the difficulty adjustment makes it harder. The increased hashrate means increased energy input. Energy has value and, coupled with the increased time required, this increase in the value input leads to an increase in the value of the output.
Regardless of how many Satoshis that value is divided into. The less Satoshis in the output, the higher the value per Satoshi.
TheBitcoinBattery
npub1kl…fq497
2025-12-13 15:29:43 UTC
in reply to nevent1q…5ty9
Author Public Key
npub1kl8aguhljq6yrmrv64dm2phew3pprfhx3ef9yh2zg3gkn0dq8adqzfq497Seen on
wss://nos.lolPublished at
2025-12-13 15:29:43 UTCEvent JSON
{
"id": "7ed7aa4e22bd529d38af2f9b7d75ea5b82d65f27bf444a89ef2563091a8c73d8",
"pubkey": "b7cfd472ff903441ec6cd55bb506f9744211a6e68e52525d42445169bda03f5a",
"created_at": 1765639783,
"kind": 1,
"tags": [
[
"p",
"1afe0c74e3d7784eba93a5e3fa554a6eeb01928d12739ae8ba4832786808e36d",
"wss://relay.primal.net"
],
[
"e",
"b08167d754cbdc9848bb32c9704b5f4b1968fa3f877447c3492f62313eb33456",
"wss://relay.primal.net",
"root",
"1afe0c74e3d7784eba93a5e3fa554a6eeb01928d12739ae8ba4832786808e36d"
]
],
"content": "It will over the long term. \n\nFor those who don't understand why:\nThe Bitcoin of 4+ years from now will always be worth more mining cost in time than the Bitcoin of today. This fact will always be true due to the halving.\n\nThe fact that it's programmed to be worth more time later, gives incentive to get more NOW while it's easier. This drives up competition, which increases hashrate faster than it would if the halving wasn't a thing.\n\nHashrate is simply an increase in the effort of mining equipment, which don't get more efficient faster than the difficulty adjustment makes it harder. The increased hashrate means increased energy input. Energy has value and, coupled with the increased time required, this increase in the value input leads to an increase in the value of the output. \n\nRegardless of how many Satoshis that value is divided into. The less Satoshis in the output, the higher the value per Satoshi. \n\n",
"sig": "3f8db0f909898ce0ab217138c00642ae35f5a0fef0d4ba2e54d4260b9a9b0f22a566fc8d2410794bc3c5f473ab65f52c71fb8eab6c1e29c0ec9516833b6da166"
}