$Strategy(MSTR.US) Historically, BTC has completely fallen below miners' cost price three times: in 2014-2015, late 2018, and late 2022. Each time, it took about 3 months of volatility before starting a new cycle. Currently, only some outdated mining rigs and high-electricity-cost miners are starting to lose money, but it hasn't reached the point where mining costs are completely undercut. For that to happen, BTC would likely need to drop to around $65k.

Looking at the four-year cycle, this year should be the bottom year???

For long-term BTC believers, the current price around $70k is already quite attractive. 🤔