$BTC
BTCUSDT
Prep
86,664.5
-0.06%
🙄⌛️ What is this supposed to mean? 🤔The price falls far below its energy cost every 4 years. In the bottom of last cycle’s dip, 2022, the value of bitcoin fell to about half of its energy cost to mine. Funnily enough half of 70k exactly what I said looked to be the bottom 🤔
2022 specifically 🧐⬇️
Many estimates put average mining cost somewhere in the $20k–$30k range 🧐
Bitcoin bottomed around $15.5k, which was below estimated production cost — but not cleanly “half” in a precise, universal sense 🧐
Those periods are short lived 🧐📢
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