Last Friday, I had dinner with a miner friend. He said that if the price of mining is 60,000 US dollars, the payback period is as high as 400 days. If it falls below 60,000, its payback period will be extended indefinitely. As you can see from the current position of Bitcoin, many miners have been forced to shut down.

Miners are the backbone of Bitcoin and loyal supporters of the price, and the holding costs of institutions such as BlackRock and MicroStrategy are about 40,000-50,000.

If you hold spot, I think you can invest tens, hundreds or thousands of US dollars in crypto assets every day from today to share your risks (remember that your money must be idle money and cannot be leveraged). I believe that in the next six months and one year, as well as the second half of the year, you will see the harvest.

Because as a lesson from history, the last time the US stock market was circuit-breaker, Bitcoin took 56 trading days to return to its original position. Now, I expect the circuit breaker of the Japanese stock market will also prompt Bitcoin to return to its original upward track.