Welcome to a new paradigm.
Bitcoin Electrical Cost is now a whopping $77.4K.
This is the raw electricity cost to power the network, per Bitcoin mined.
Bitcoin Miner Price hit $244K on Saturday!
This is the block reward + fees per Bitcoin mined. It boomed as transaction fees hit $230+ (about 4X the prior ATH of $68 set in 2021).
This means Bitcoin is trading at a DEEP DISCOUNT.
Price under Electrical Cost typically lasts just a couple days every 4 years.
This means 1 of 3 things happens now:
1) Price skyrockets
2) ~15% of miners shut down
3) Transaction fees remain a lot higher on average
Expecting a bit of all three.
Bitcoin's days under $100K are numbered.