The average mining cost of 1 bitcoin as of December 2nd 2024 is $91,271.

You can argue the value of bitcoin is nothing but that's not how value works. Value is based on the price someone is willing to pay and the cost to obtain that good.

I'm not a Bitcoin shill, and I can see a scenario where the value of Bitcoin drops 90%. But when you have an asset that is expensive to create, is fungible, and can't be copied, you can't just say it's not worth anything because you feel like it.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

The average mining cost of 1 bitcoin as of December 2nd 2024 is $91,271.

You can argue the value of bitcoin is nothing but thats not have value works. Value is based on the price someone is willing to pay and the cost to obtain that good.

I'm not a Bitcoin shill, and I can see a scenario where the value of Bitcoin drops 90%. But when you have an asset that is expensive to create, is fungible, and can't be copied, you can't just say it's not worth anything because you feel like it.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost