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.
Let's say he intentionally design that the coins be 21 million and it will be halved every 4 years.
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?
No, I don't think that there is weakness in terms of the miners and it harm them. Miners are going to make money as certain point, they could be break even in the bear market, but once we are in a bull run, their business will continue to operate. Although there could be some miners that might close their business in the incoming bull run because their machine will have to adjust to the difficulty because of the halving.