US-based JPMorgan Chase, one of the largest banks in the world, said that Bitcoin sales by miners could put pressure on the price.
JPMorgan analysts led by Nikolaos Panigirtzoglou meet their costs and increase their liquidity for bitcoin He thinks he will sell.
Also, JPMorgan analysts said that miners may have sold their “block rewards” to cover their costs in the process so far. of the year 2022 miner until the 3rd quarter at the price of sales can create pressure analysts pointing out that the pressure there is a risk of continuing stated.
JPMorgan estimates the cost of production for each Bitcoin 18,000 to $20,000 stating that these costs are between up to $15,000 in case of falling sales pressure He thinks it can decrease.
While the cost of production will vary depending on each firm’s calculations and the electricity price in the region, assuming the new mining rigs use low energy, according to Arcane Crypto, large mining companies Bitcoin for 8 thousand dollars carries out the production. However, Securitize Capital calculates that the cost of producing a Bitcoin when interest rates and overheads are taken into account. over $20,000 says it will.
Bitcoin, which has decreased by 2.23% in the last 24-hour period, at the time of writing. from $20,870 is being traded.