Monday , June 27 2022

The price of bitcoin was greater than domestic cryptocurrency costs


Digital money was in a similar position in 2017 before the market collapsed, representatives from a large American bank recalled.

During the final phase of Bitcoin in spring 2019, the price of the first cryptocurrency reported its intrinsic value, reported strategists at US bank JPMorgan. They compared the growth of the coin to the situation in 2017, when the market increased several times, and then began to fall.

“Over the last few days, the actual price of Bitcoin has exceeded marginal costs. An inconsistency of such some echoes of a sharp increase at the end of 2017, and then it was largely eliminated by real price reductions, ”said the experts.

They are based on Bitcoin's analysis as a commodity. The cost of its production was based on the computing accounting power, electricity costs and energy efficiency of the equipment. In an interview with Bloomberg, one analyst explained that it was very difficult to determine an internal price or ten digital currency, and some believe that it does not exist in principle.

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