Here is why #bitcoin WILL go up after the halving. Not instantly, but it will. The bullrun is far from being done.

Right now, it costs about $40,000 USD to mine 1 single $BTC

The bitcoin halving will cut the rewards by half, which means that it will cost $80,000 to mine 1 bitcoin.

So, alot of miners will leave. There’s no point mining bitcoin if it’s not profitable.. right?

Well, once 50-60% of miners leave, everything will rebalance. The people that keeps mining bitcoin will hold until at least $80k minimum, to make sure they’re profitable.

But usually, the price goes higher than what it costs to mine 1 btc.

In example, right now it cost $40k to mine 1 bitcoin and the price went as high as $73k a few weeks ago.

So, in theory, if history repeats itself, we should see a $130k to $150k bitcoin this bullrun.

This is purely based on fundamentals, not hope.

I hope this helps.

dyor before investing.
#bitcoinhalving $BTC
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