BITCOIN MINING SQUEEZE 😨: Costs Surge, Will History Repeat?

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BITCOIN MINING SQUEEZE 😨: Costs Surge, Will History Repeat? ⛏️₿ The average cost to mine one #Bitcoin has surged to $85,434, significantly higher than the $40k yearly average. This spike could be a double-edged sword for the network. Here's why: Potential Bull Signal? 🤔 Some see this as a potential echo of the 2021 bull run, where mining costs plummeted as $BTC price skyrocketed. Could history repeat, with rising costs signaling an impending price surge? Squeezing Out Small Miners? ⛏️ Others worry that large mining companies might be strategically keeping the price down to squeeze out smaller miners who can't afford the high costs. This could lead to centralization within the mining pool. What's Your opinion on This❓

BITCOIN MINING SQUEEZE 😨: Costs Surge, Will History Repeat? ⛏️₿
The average cost to mine one #Bitcoin has surged to $85,434, significantly higher than the $40k yearly average. This spike could be a double-edged sword for the network.
Here's why:
Potential Bull Signal? 🤔
Some see this as a potential echo of the 2021 bull run, where mining costs plummeted as $BTC price skyrocketed. Could history repeat, with rising costs signaling an impending price surge?
Squeezing Out Small Miners? ⛏️
Others worry that large mining companies might be strategically keeping the price down to squeeze out smaller miners who can't afford the high costs. This could lead to centralization within the mining pool.
What's Your opinion on This❓