Fidelity responds to "Halving weakens security"! Why are miners' incomes actually increasing? The logic behind Bitcoin is becoming clearer!

Each Bitcoin halving sparks heated market discussions, with one classic question being: "Will reduced block rewards affect network security?" In response, Fidelity believes that we should not only look at block rewards, but also consider transaction fees, network activity, and overall ecosystem development.
In fact, miners' income does not come from a single source. When on-chain transactions become more active and fees increase, total revenue may still grow even if block rewards decline. This is why many institutions believe that Bitcoin network security cannot be simply measured by halvings.
In the long run, Bitcoin has been running for years, hashrate continues to grow, global participants are increasing, and the consensus foundation is becoming broader. For investors, what truly matters is whether the ecosystem continues to develop, not changes in a single metric.
Someone joked: "Miners are like restaurant owners; menu prices change, but if more customers come, revenue may not drop." Although just a metaphor, it well illustrates the importance of income structure.
Markets will keep changing, but technological innovation and ecosystem growth are often the key to determining long-term value. #美伊冲突再升级