via Bitcoin Magazine · By Bitcoin Magazine Editorial
Schwab Strategist: Bitcoin's $60,000 Mining Cost Could Mark The Cycle Bottom
BTC/USDT
$18,031,211,906.57
$63,999.00 / $61,306.84
Change: $2,692.16 (4.39%)
+0.0049%
Longs pay
Bitcoin is in a bear market. That much is not in dispute.
What Jim Ferraioli, Director of Digital Currencies Research and Strategy at Charles Schwab, argued Wednesday on Bloomberg is more precise and more structural: this selloff has a measurable cost floor, and that floor is built not from sentiment or chart patterns, but from the physics of energy consumption.
The numbers frame the…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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