I don't get it. The article is predicated on "no significant rally in the price of bitcoin", but the price is a function of supply and demand and assuming demand is constant or growing, and available supply is halved (assuming most people are hodlers) the price will rise. Maybe not right away, but that dynamic holds true today as well - if the price of BTC goes down it becomes unprofitable for some miners.

That's what I'm talking about here...

keeping healthy Bitcoin Store-of-Value property, by avoiding the network security regression - will be more and more challenging with every consecutive decrease of block subsidy.