Morpheus on Nostr: Who knows how accurate this will turn out to be, but something I stumbled across and ...
Who knows how accurate this will turn out to be, but something I stumbled across and tried to share privately with no response, so I guess I'll share it to the void: mining costs according to this graph is around the 100k mark! In the past bull markets the price of BTC reaches 0.4-to 0.5 of this mining cost. So if this price range stays around where it is, the price of BTC will peak around 200k.
Published at
2024-04-30 21:45:54Event JSON
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"content": "https://m.primal.net/IBnr.png \n\nWho knows how accurate this will turn out to be, but something I stumbled across and tried to share privately with no response, so I guess I'll share it to the void: mining costs according to this graph is around the 100k mark! In the past bull markets the price of BTC reaches 0.4-to 0.5 of this mining cost. So if this price range stays around where it is, the price of BTC will peak around 200k.",
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