$SOS Oh my the bear logic here is quite dumb. The price of BTC is correlated to the cost of electricity and the scarcity/demand of the asset. Until the next halving cycle BTC is profitable above $10,000 I believe for most miners. Could be wrong on the exact figure needed to make it profitable, but it is the halving that makes BTC more costly every 4 years as miners block rewards on the chain are halved which increases cost because rewards for miners go down. I mine cryptocurrency so I understand how it works. Hope this helps put that dumb bear thesis to rest.
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