It is interesting, because while the shock does get weaker in relative terms it's getting stronger in absolute terms. i.e. a billion dollar shock to a billion d

It is interesting, because while the shock does get weaker in relative terms it's getting stronger in absolute terms. i.e. a billion dollar shock to a billion dollar asset is relatively bigger than a 100 billion dollar shock to a 500 billion dollar asset (bitcoin's current "market cap"), but the latter requires 100x the size of wealth flow. The next supply shock will also be interesting in its own right, specifically because it will plunge bitcoin's inflation rate to below that of gold, from 1.7% now to 0.84% in 7 months. If nothing else, that will re-highlight bitcoin's digital gold narrative and potentially pull in more wealth flow that otherwise might have flowed into store of value assets like gold. Bitcoin at current price and inflation rate requires $9 billion per year net inflows to absorb newly mined coins. In 7 months after the halving, it will only require $4.5 billion per year to maintain it's current price of $27,000. So, either it's net inflow will suddenly cut in half and the price will stay the same, or the current net inflow of $9 billion will force the price up until it reaches equilibrium, which usually triggers a market frenzy as outsiders see the gains and pile in. For some context with gold, there theoretically exists about $200 billion of wealth flowing into it each year just to absorb newly mined gold and keep the price stable.