They will run out of money on this.

Key question is what do the miners do with the BTC. Do they invest in their operations, support the ecosystem, or they figure out ways to harvest more fees with the degens.

Smart , lower time preference miners should take the BTC and get ready for an environment with a much lower total subsidy. Those that don’t will fail. Good riddance.

It’s a cleansing event just like other halvings. This one will just take longer to play out.