Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds

[Oracle]

https://cointelegraph.com/news/bitc...n-of-a-dire-drop-to-8k-as-global-debt-unwinds

 

[Dr Christopher Cheok C S]

You know why they quote US$8000?

US$8000 is the current theoretical NTA of bitcoin; the electrical cost of mining one bitcoin.

 

[laksaboy]

When Bitcoin becomes totally worthless, there will be plenty of suicidal folks. Especially those crypto cultists.

 

[eatshitndie]

can celebrate when it’s back to $6.9k,

 

[JigSAW]

can celebrate when it’s back to $6.9k,

Can SInkies utilize CPF to invest in BTC?

 

[mojito]

What support? Ur grama bra got support anot?

 

[Dr Christopher Cheok C S]

can celebrate when it’s back to $6.9k,

The theoretical cost of mining two years ago was US$4.69K.
Back then energy prices were lower.

 

[blackmondy]

You can never decentralise a virtual currency, but the illuminati/deep state wants you to think that way. Just like you can't have true democracy in a totalitarian regime like Sinkapoor. You can only fake it.

 

[eatshitndie]

Can SInkies utilize CPF to invest in BTC?

i doubt.

 

[jw5]

Can SInkies utilize CPF to invest in BTC?

Not today, but maybe someday.

 

[laksaboy]

$8k? Try $80 if lucky. Crypto cultists will commit suicide en masse.

 

[Charlie99]

I speculate that it may drop below $10,000