sorry im nubie here...is it mean that the BTC we hold now will be decreasing in value ? i think it will increase agains fiat ?
This imply there will be less BTC mined when the halving happen and the value will, ceteris paribus, go up a lot.
Bitcoin exchange rate go up as inflation (number of btc mined) go down.
The previous halving moved the price from 10 to 1200 USD in less than one year (reducing inflation from 25 to 12.5% year)
This is impressive if we remember the USD was inflating less than BTC.
When BTC will inflate less than USD we will start to see increasing flow of value in BTC from the USD.