Bittensor will undergo its first halving on December 14 at 3:30 am London time, reducing TAO token inflation by 50%. This event will decrease daily token issuance from 7,200 to 3,600, following the distribution of 10.5 million TAO. The halving is anticipated to bolster TAO's long-term price, although analysts caution about ongoing macroeconomic risks. The reduction in rewards may lead to a consolidation among miners, as the market adjusts to the new supply dynamics. TAO is highlighted as a key altcoin to monitor during this transition period.