#AI行业整体 Seeing the news that Bittensor is about to undergo its first halving, I am reminded of many cases I have seen over the years. Halving events often trigger market sentiment fluctuations—some people celebrate and look forward to supply tightening leading to price increases, while others rush to add to their positions. But the reality is often more complex.

TAO's daily issuance has decreased from 7200 to 3600 tokens, which indeed changes the supply dynamics. However, it’s important to see the full picture—market sentiment, actual application progress, macroeconomic environment—all of which influence the final trend. I advise investors to remain especially cautious during this period:

First, do not be attracted solely by the halving event itself to alter your established asset allocation plan. Long-term returns come from rational position management, not from chasing a single event.

Second, evaluate whether your exposure to the AI sector is reasonable. If you have already allocated related assets, carefully assess whether they align with your risk tolerance and investment horizon, rather than making hasty adjustments due to a "major event."

Third, infrastructure projects like these require more patience. Short-term volatility is normal; the key is to understand whether their long-term value proposition still holds.

Steady investing has never been about following the hype, but about maintaining your allocation discipline under the premise of understanding the risks.