We cannot speculate on the trends of the market leaders based on speculation
In order to make an accurate judgment, we need a clear basis, that is, the operating costs of miners after halving.
Now, even if the latest and most powerful mining machines are used, the mining cost is about 32,000. In two days, this cost will surge and directly jump to more than 60,000.
If the price of Bitcoin is lower than 60,000, miners will have to choose to shut down.
But the reality is that miners did not choose to shut down, but instead enthusiastically increased investment, expanded mining farms, and increased mining machines and computing power.
Don't they know that the cost is about to double, or even at a loss at the current price?
Of course they know it well. So why are they investing so frantically?
Because they see the huge potential of Bitcoin in this bull market, predicting that its price will reach at least 120,000 US dollars, and there are even many reports predicting that it will reach 150,000 or 200,000.
This possibility is very great.
Miners dare to invest so much and bet on Bitcoin, so what reason do we have to panic?
The test is not only the ups and downs of the market, but also the test of our mentality. In the face of changes in the account, we must remain calm and analyze rationally.
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