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However, he also proudly noticed that due to the halving, the overall Bitcoin miner price has skyrocketed to $244,000 now. This tremendous figure includes block rewards and fees per each Bitcoin mined. Bitcoin transaction fees have soared to more than $230 now, Edwards stated, indicating a 4x surge compared to the $68 historic peak that was established in 2021.This is the raw electricity cost to power the network, per Bitcoin mined.
The expert says he personally expects “a bit of all three” to happen. He finished his tweet with a bullish forecast, saying: “Bitcoin's days under $100K are numbered.” In the meantime, founder of MicroStrategy and Bitcoiner Michael Saylor also made an important Bitcoin price announcement over the weekend. He reminded the community that on the day of the previous BTC halving, the primary cryptocurrency traded at $8,618 and the price soared 800% by the most recent halving.
Saylor’s tweet can be interpreted as an expectation of at least a similar rise. Eight times from today’s Bitcoin price would constitute roughly $528,300 per Bitcoin since, at the time of this writing, it is changing hands slightly above $66,000. Bitcoin halvings create a “Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
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