The upcoming Halving Bitcoin will double the cost of mining, causing the price to skyrocket to $ 90,000 or higher
For operators who use high-speed computers to mine BTC, halving will cost them double the cost.
The estimated average cost to mine a Bitcoin could rise to $ 12,525 after the halving is expected to occur in May, double the current average of $ 6,851. Basically, miners will have to run twice as many calculations, with the corresponding increase in electricity usage, to get the same amount of Bitcoin they currently receive.
It doesn't work that way. The cost doesn't double because many miners drop out. Regardless, the price does not depend on the cost to mine. It is the other way around.
I do view the price increase after halving related to scarcity. I am not sure tho, but since only 3million Bitcoin will be mined by the miners, the price could go up, like a typical supply and demand scenario in the market. Feel free to correct me because it is not that clear to me how halving could affect the market price of Bitcoin, given how high the expectations of the majority is.
For now, $90000 with any reason or with read that article, i wouldn't think that far. Because that price although for 1 bitcoin, i never imagine if i have that amount of money. Maybe if can reach ATH like in past, already more than enough for me, or at least who bought at peak, can cover their loss back.
Many people are now making absurd expectations. They are assuming high market price increase after the halving which is far from the reality and its all time high market value. This might drive them to jump into conclusions and once their expectations are not met, disappointment would follow. People should learn how to make assumptions inclined with the present market scenario.