Even Jihan Wu, thinks the price of bitcoin is going below $6k , which is why he wants to lay off more staff.
It the Bitmain CEO does not have a good grasp of market movements considering he has access to asics purchase data and actual costs,
then what makes you think you know more than him.
That may not speak to Jihan Wu's price predictions. Bitmain might just be performing poorly and are tightening their belt.
You are missing the point , the fact is less blocks will be found which will also decrease rewards.
Franky1 pointed out many time , currently Miners care little for transactions fees as they earn the majority from the bitcoin rewards,
This means even if the fees skyrocket , this will not cover the cost of the loss in rewards prices.
In other words, the higher fees won't offset the difference and bitcoin is still fucked.
For a few weeks, until difficulty adjusts. You think if block time increases, miners everywhere will just immediately give up and abandon their operations?