2k-3k is the floor.
there is a real reason for those numbers.
at least 40% of the hard iron mining is used to help power plants load level when they have excess power
I'm curious how low should the price crash to make people finally forget about the costs of mining. When Bitcoin traded above 6k, quite a few folks here aggressively claimed that there was not a single chance that the price could ever go below 6k because that was the cost of mining. Now the price is trading below 4k, and so what? Did the cost of mining prevent the price from plummeting below 6k, may I ask you? The price can crash to 1k and the cost of mining will have no effect on this downfall
Why are people repeating the same bullshit again and again even if they are constantly being proved wrong?