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Continuing from the last post, I don’t know if you follow crypto news closely, especially around halving events, but if you do, you’ve probably noticed that whenever people try to predict Bitcoin’s price, they love to reference miners’ production cost. The general idea is: Bitcoin is unlikely to fall below the cost of mining it. If it does, mining becomes unprofitable, miners shut down, and the whole ecosystem collapses. Bitcoin, as an asset class, would cease to exist. So far, history has mostly proven this theory right. When prices flirt with the cost floor, people tend to jump in—because even... Continue reading
