Based on the power law, for what it’s worth…

We need to go way up from here first. After that… in the august/september time, we could go to $65,000 MAYBE. Even then it would be a blip.

I think 58k is out of the picture by June of next year.

Other issue I see with 58k, is we would need an unprecedented crash in mining costs. Hashrate x $kwh.

maybe GLD reveals something about what could happen. Even through the GFC/2008 it only came down 33%

i think it’s possible we are in a similar situation.

curious what you think about this mining chart

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost