Grayscale: Bittensor halving next week is expected to drive up TAO token price

According to ChainCatcher, citing The Block, Grayscale research analyst Will Ogden Moore stated: "Bitcoin's history shows that even when rewards decrease, a reduction in supply can enhance the network's value, as Bitcoin's network security and market value have been strengthened through four consecutive halvings. Similarly, Bittensor's first halving marks a significant milestone in the network's maturation, as it moves toward the supply cap of 21 million tokens."

Moore noted that Bittensor is currently experiencing strong adoption momentum, with institutional interest continuously rising. Moore pointed out that dTAO, launched in February this year, is a major achievement for Bittensor. This mechanism allows subnets to invest directly, resulting in a significant expansion of the total market capitalization of these subnets. Moore wrote: "We believe that the early success of certain subnet-based applications, the increase of institutional capital within the Bittensor ecosystem, and the upcoming TAO supply halving could all serve as positive catalysts driving price appreciation."

Previous reports indicated that Bittensor will undergo its first halving on December 14, at which time the daily issuance of TAO will be reduced to 3,600 tokens.