The production-weighted cash cost to create one Bitcoin averaged around $4,060 globally in the fourth quarter, according to analysts with JPMorgan Chase & Co.
With Bitcoin itself currently trading below $3,600, that doesn’t look like such a good deal.
https://www.bloomberg.com/news/artic...-jpmorgan-says
At their current rate of decline bitcoins might be worth less than dollar coins in a year or so. If market participants realise they've bought into a long con things could deteriorate much faster and this whole ridiculous thing will be over much faster. It might just be a good time for anybody owning this shit to get rid of it. If it's actually possible to sell it that is.
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