What you say could be true for higher values but there is certainly a limit to the lower end. For Bitcoin to sustain, its mining needs to be sustainable. There won't remain any miner if mining cost becomes greater than bitcoin's market price for a long enough time. So it's a no-brainer that halving doubles the mining cost. Thus its lower end of market price will get doubled else, bitcoin will die with its miners.
Posted via Steemleo
RE: Why the Bitcoin halving should be a non-event