The mining costs for major US-listed mining companies are around $80,000, and over $40,000 if only electricity costs are included. These costs are relatively high for US-listed companies. Smaller companies operating outside the US likely have even lower costs. Furthermore, AI is competing with mining companies for computing power, further reducing the overall network hashrate and lowering costs. Therefore, a price starting with 6 is not impossible. Based on the previous bull market peak, do you think the relative bottom for this round is $69,000? $BTC