In Less Than 3 Years, Will Bitcoin’s Price Will Change Forever?
Bitcoin’s price action has long been driven by its 4-year halving cycle, but the 2028 cycle may no longer influence the Bitcoin price as it has in the past.
Conor Mulcahy
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I don't think the author realizes what his graph says to business majors...
Rising cost + declining income equals ???
Bueller?...
Bueller?
I've talked about the (N) x (N-1) nature of Bitcoin for years.
And yes, miners still losing money at $93K.
income = $93K x 165K coins = $15.4 billion
energy cost = 170 terawatts x $0.105 / kwatt = $17.9 billion
net loss: $2.3 billion
the true break-even cost is probably around $115K
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