Grayscale: Bittensor Halving Event Next Week Expected to Boost TAO Price

On December 8th, Grayscale research analyst Will Ogden Moore noted: “Bitcoin’s history shows that even as rewards decline, a supply reduction can boost network value—its security and market cap have strengthened through four consecutive halvings. Similarly, Bittensor’s first halving marks a key milestone in the network’s maturation as it heads toward its 21 million TAO supply cap.” Moore added that Bittensor is currently seeing strong adoption momentum, with institutional interest steadily growing. Moore also highlighted that the February launch of dTAO was a major win for Bittensor: the mechanism lets subnets secure direct investment, driving a sharp expansion in their total market value. “We believe early success for some subnet-based apps, growing institutional capital in the Bittensor ecosystem, and the upcoming TAO halving could all act as positive catalysts for price appreciation,” Moore wrote. (The Block)