quoting
note1gcl…td3k
The cost of electricity to produce 1 bitcoin is 60k
The total production cost includes (electricity + warehouses + labor...etc) is much more than 60k
Now BTC is trading on exchanges below 60k.
The logic is simple => BTC is undervalued below 60k.
You may think that BTC is like this chair.
The cost of wood material to produce this chair is 6$.
The total production cost includes (wood material cost + warehouse + labor +...etc) is much more than 6$, probably 10$
It is now selling on Amazon for $6
🙈
Selim on Nostr: This. nostr:note1gclws5nfw2ulm3ggqdy3sf46twvwkxl6lr63n9duylxpeh3zu84srhtd3k
This.