Am I thinking of this correctly?


If the block reward is halved every four years, and the success of Bitcoin is dependent on miners profiting.

Doesn’t the price then need to essentially double in order for miners to remain profitable after a halving?

I’m a Bitcoin novice and don’t really understand the underlying tech or the reason I might be wrong here. Though, as an accountant, the idea of an immutable 100% verified publicly distributed ledger for an entire monetary system is a bit of a happy fever dream for me.