[91934] Global Economy: Difficulties in the Bitcoin market and Iranian threats to energy supply

The Economic-Strategic Tension

In the regional energy sphere, Abu Ali Express (a channel identified with a critical line toward Iran and the Ayatollah regime) reports that Mohammad Mokhber, the senior advisor to Iran's Supreme Leader, delivered a stern message toward the United States. According to him, the Americans "understand the language of economics and cost-benefit considerations better," and he claimed that as long as the existing agreement remains "on paper only and is not implemented," then "the flow of energy from the Middle East will remain stuck" according to Abu Ali Express.

At the same time, in the global financial arena, the Hadashot 360 | All The News channel reports concerning data from J.P. Morgan regarding the crypto market. According to the analysts, the cost of mining a single Bitcoin is currently estimated at about $78,000, a sum significantly higher than the current market price, which stands at about $66,000.

The report notes that this is a trend change that places significant pressure on mining companies, especially those dealing with high electricity and equipment costs. According to Hadashot 360, the decline in Bitcoin's value below the historical mining cost usually leads to "a partial reduction in miner activity and a reorganization of the industry."