"Bitcoin May Plunge"
In an article published by the Financial Times, the instructor talked about the main content:
Bitcoin currently costs approximately $27,000 to produce, which is a support price
After the halving, production costs will jump to US$50,000 in the short term, and inefficient miners will exit the market and be unable to keep up.
As old machines are eliminated and the hash rate decreases, production costs will also decrease. Assuming that the mining processing capacity decreases by one-fifth, the production costs will drop to the corresponding USD 43,000.
Therefore, the Financial Times believes that the price of BTC will not continue to be higher than the cost of miners for a long time. After the halving, the popularity will subside and there will be a big correction in the price.
