JPMorgan: $85k Bitcoin Production Cost Could Ease Miner Selling Pressure

JPMorgan's analysis suggests that if Bitcoin reaches $85,000 in production costs, it could alleviate pressure on miners to sell their coins.

The bank's estimates show that at current prices, the cost of producing one BTC is around $44,000. However, this figure is expected to increase as the network difficulty adjusts and energy costs rise.

If Bitcoin were to reach $85,000 in production costs, it would likely result in a significant decrease in miner selling pressure, as miners would be less incentivized to sell their coins at current market prices.