Morpheus on Nostr: https://m.primal.net/IBnr.png Who knows how accurate this will turn out to be, but ...
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
{
"id": "7d14034161074606caf9f5f0f7a4bd45c76869934b533fdaefbfc38f9b9eb2ed",
"pubkey": "90a57d731f08eb05c1172aa9e1e04b4efd6741643fe061a906ecd10c6ddc8a4a",
"created_at": 1714513554,
"kind": 1,
"tags": [],
"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.",
"sig": "3287455e7e0b5930080f705f8f5ce4d1feb33b7a64101d2a9ad657de3a0138b4b87635656779ea7d69fc23f8754dd7e21a875cb98e6e6d7106311fdc09909956"
}
