What will happen in this 12.5 btc per block world?

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Now that the bitcoin block reward has halved from 25 to 12.5, what do you think will happen in the coming months? Post your speculations below. Will the bitcoin price go up, as miners receive less per block, or will miners lose interest because of that and the price may dump? 

What may this mean for altcoins? 

What will happen in this 12.5 btc per block world? | Ecency