BTC at 1 mill is coming but very likely it will be a while.
I think there is a lot of interest from big players that will effort to pack the price lower.
So 100k+ is about 50-50 this cycle
and 300k+ is doubtful in 2021 or 2022 under 10% shot.
A lot depends on gear being sold to mine. I figure asic builders could attempt to flood the market with gear in 2022. This was done in 2018.
Price went down and diff went up from jan till oct 2018 . then the market finally reflected over-saturation of gear. the diff and price both slid form oct 2018 to dec 2018. I started my 4 partner mine in dec 2018.
I have to think asic gear builders want to do this sell of gear bigly sooner or later. as they may feel 1 or 2 1/2ings will spell the end of large mining. Savetherainforest may think 2 cycles are left to heavy BTC mining.
As for me I am not a kid I am 64 and will not continue mining past 70 mostly due to my age as it is work to do it.
With all my kids dead and just me and the wife I would not mind enjoying travel and zero work from 70 on. We will see what unfolds .
For now stack your sats.
and remember when I do cash coin it is for running the business.
We have a lot of expansion coming maybe 100k watts to { 300kwatts } to 900 kwatts
we grew from 100 to 300 kwatts in 2021