Bitcoin Magazine
Schwab Strategist: Bitcoin’s $60,000 Mining Cost Could Mark the Cycle Bottom
Bitcoin's recent crash may have found a durable bottom near $60,000 because that level roughly matches the production cost of the most efficient miners, creating an energy-based floor.
This post Schwab Strategist: Bitcoin’s $60,000 Mining Cost Could Mark the Cycle Bottom first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Schwab Strategist: Bitcoin’s $60,000 Mining Cost Could Mark the Cycle Bottom
Bitcoin's recent crash may have found a durable bottom near $60,000 because that level roughly matches the production cost of the most efficient miners, creating an energy-based floor.
This post Schwab Strategist: Bitcoin’s $60,000 Mining Cost Could Mark the Cycle Bottom first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
