<p>I read on <a href="https://decrypt.co/105251/how-much-does-cost-mine-1-bitcoin" rel="nofollow noreferrer">https://decrypt.co/105251/how-much-does-cost-mine-1-bitcoin</a>:</p>
<blockquote>
<p>Many market observers suggest that production costs also can serve “as the lower bound of Bitcoin’s price range in a bear market.</p>
</blockquote>
<p>Why do many market observers suggest that Bitcoin production costs can serve as the lower bound of Bitcoin’s price range in a bear market?</p>

CC BY-SA 4.0
2022-12-03T10:35:43.557Z
A Bitcoin production costs depend on the block era and on how much miner competition.
Mercedes
CC BY-SA 4.0
2023-11-26T02:41:55.810Z
Thanks Mercedes, good point.
Franck Dernoncourt
<exchange-rate><market>
Why do many market observers suggest that Bitcoin production costs can serve as the lower bound of Bitcoin’s price range in a bear market?
Franck Dernoncourt
# Why do many market observers suggest that Bitcoin production costs can serve as the lower bound of Bitcoin’s price range in a bear market?

(Asked by: username_0 on 2022-12-03)

I read on <https://decrypt.co/105251/how-much-does-cost-mine-1-bitcoin>:

> Many market observers suggest that production costs also can serve “as the lower bound of Bitcoin’s price range in a bear market.

Why do many market observers suggest that Bitcoin production costs can serve as the lower bound of Bitcoin’s price range in a bear market?

**Tags:** exchange-rate, market

> **Comments:**
> **username_1**: A Bitcoin production costs depend on the block era and on how much miner competition.  
> **username_0**: Thanks username_1, good point.  

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## 0 answers

