Quick TakeDiscussion around Bitcoin’s imminent issuance halving has predominantly been framed as an innately bullish event, ignoring network security implicationsRegardless of any dollar value appreciation, Bitcoin’s Security Ratio, calculated as miner revenue over network value, is set to halve, opening up the potentially debilitating for speculative attacksFor Bitcoin’s Security Ratio to stay at pre-halving levels post-halving, fee revenue must increase roughly 4300%
