Halving is not primarily done to increase the price of bitcoin but it is only a consequence of such. Halving is done to counterattack inflation and in the process of it the bitcoin price hiked up.
This is due to the common and very well-known economic concept that less suppy = more demand. The rarer it is, the more expensive it is. On the other hand some bitcoin who are lost well they were just lost unless some people actually burn some coins to hike the price up.
Halving does not make Bitcoin deflationary in its circulation curve that is still inflationary.This is due to the common and very well-known economic concept that less suppy = more demand. The rarer it is, the more expensive it is. On the other hand some bitcoin who are lost well they were just lost unless some people actually burn some coins to hike the price up.
How is the 21 Million Bitcoin Cap Defined and Enforced?
Halvings are like events to shock Bitcoin miners, weak hands will be shaken out; and to advertise Bitcoin on media with noise from halvings. It helps to bring Bitcoin to more people and convert some of them to Bitcoin investors. With more new investors, new capital, higher demand, price will increase.
The math is demand usually increases more than x2 and this helps price to rise more than x2 with each bull run after one halving.