Serious question, and I don’t mean to get anyone upset, but isn’t this starting to look exactly like the last bitcoin crash where the fallout lasted several years before reaching a new ATH?

Pls don't yell at me

submitted by /u/woofshark
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Bitcoin – The Currency of the Internet

BTC Prices Below $8K Could Spell Disaster for Bitcoin Miners (

According to a study conducted by Wall Street analyst, Tom Lee’s agency, Fundstrat, BTC prices below the $ 8K range make it awfully difficult for miners to gain revenue. Lee details that at a global average rate of six cents per kilowatt-hour, some BTC miners are either breaking even right now or mining the cryptocurrency at a loss.
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