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What Is the ‘Triple Halving’ Narrative?

The 'Triple Halving' narrative is a conceptual term suggesting that the reduction in new Ether issuance after the Merge (PoS transition) is equivalent to three Bitcoin halving events in terms of supply reduction. This is due to the dramatic cut in issuance combined with the deflationary effect of EIP-1559's base fee burning.

What Is the Historical Impact of Halvings on Bitcoin’s Price?
How Does EIP-1559 Relate to the Concept of “Ultrasound Money” for Ethereum?
What Is EIP-1559 and How Did It Change the Gas Fee Mechanism?
How Does the “Burning” of the Base Fee in EIP-1559 Create Deflationary Pressure on ETH?