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I had a breakthrough today. I can't really detail it for now, but the summarized version is Bitcoin is not experiencing diminished returns.

The mining ban of 2021 resulted in an approximate 75% reduced bull peak, and that trickled down to all prices afterwards being reduced by 75% of what they would've been.

We should be at about $400k today were it not for China banning Bitcoin mining.

Overall the trendline of Bitcoin's value growth fell on the Y axis due to the mining ban, but the slope remains the same.

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Discussion

d0708145... 10mo ago

It's a power law.

TheBitcoinBattery 10mo ago

I used to think so too, but it is not.

d0708145... 10mo ago

We shall see towards the end of this year then. 200-220k, tops. Maybe less than that🤷🏻‍♂️.

TheBitcoinBattery 10mo ago

3x - 6x average cost of production per coin at peak is my prediction.

Current average mining cost is about $85k per coin, it'll grow 2 to 3 times that by October and the price will be 3 to 6 times that amount before the crash. Which means we're looking at a peak range of $510k - $1,530k reached within the next 8 months.

d0708145... 10mo ago

We shall see then. Time will tell.

TheBitcoinBattery 10mo ago

🍻