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Grayscale: Bittensor halving next week is expected to drive up TAO token prices
PANews, December 8—According to The Block, Grayscale Research analyst Will Ogden Moore said: “Bitcoin’s history shows that even with reduced rewards, a decrease in supply can enhance network value, as Bitcoin’s network security and market value have been strengthened through four consecutive halvings. Similarly, Bittensor’s first halving marks an important milestone in the network’s path to maturity, as it moves toward the 21 million token supply cap.” Moore noted that Bittensor is currently experiencing strong adoption momentum, with growing institutional interest.
Moore pointed out that the launch of dTAO this February was a major achievement for Bittensor. This mechanism enables subnets to receive direct investments, resulting in a significant expansion of their total market capitalization. Moore wrote: “We believe that certain subnet-based...
