Halving is a way for satoshis to force the price of bitcoin to continue to rise over time. The fewer rewards given to miners will make bitcoins harder to obtain and rarer as time goes by. This is a smart strategy that Satoshi had and I just realized it.
The weakness of this strategy is that when Bitcoin fails to reach a high price after the halving until the next halving occurs, this can damage public trust and also harm miners. However, this weakness no longer applies because Bitcoin always has a new ATH at every halving phase that occurs. So, I believe the price of bitcoin will continue to skyrocket in the future.
What do you think?
I don't think that Satoshi was obsessed with the Bitcoin price back in 2009-2010, when one BTC was worth less than a dollar.
The whole idea was to create a deflationary currency, instead of an inflationary currency.
The demand is what determines the price of an asset or product. The price of Bitcoin would be zero, if the demand for BTC was zero.
The fixed supply doesn't change this. You could create an altcoin with fixed supply, but the price of this altcoin will be zero(or close to zero) because of the extremely low(or non-existent) demand for that particular altcoin on the crypto markets.