Bitcoin Production Costs: Will Prices Plunge?

The Financial Times published an article "Why Bitcoin Prices Could Still Plunge"Mainly talking about the following points:#Bitcoincurrently costs around $27,000 to produce, which is a price support. After the halving, production costs will jump to about $50,000 in the short term, and inefficient miners will exit the market and be unable to keep up.Old machines are retired, hashrate drops, and production costs decrease as well. Assuming that the mining processing capacity is reduced by one-fifth, the production cost will correspondingly drop to approximately US$43,000.Therefore, the Financial Times believes that#BTCprices will not continue to be higher than miners' costs for a long time. After the halving, the craze subsides and there will be a big correction in the price. The argument is sound but feels a bit weak. What do you think? Will this round go as planned and reach 100,000?

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