JPMorgan calculated the average price of Bitcoin after halving.
$53 thousand immediately after the halving, which will force some miners to leave the market due to loss of competitiveness. Ultimately, the cost will drop to $42 thousand.
Here you have a Bitcoin fair value benchmark that can tell you whether the market is euphoric or undervalued.
Perhaps Ordinals on Bitcoin were launched specifically to shake out small and medium-sized players from the mining business during this event.
Let me remind you that after the launch of Ordinals on Bitcoin, the hashrate began to grow very quickly.
And I remind everyone that there is a huge mining business built on Bitcoin. If in the time of Tsar Gorokh everyone could mine, today significant investments are needed to make a profit. The higher the hashrate, the less space there is in the market for small and medium-sized miners.
