Summary
TLDR: Bank estimates Bitcoin production cost could double to $53,000 post-halving, leading to a potential 20% decline in hashrate and a decrease in BTC price to $42,000.
Key Points
1. The estimated production cost of Bitcoin is currently around $26,500, which could double to $53,000 post-halving.
2. The Bitcoin network may experience a 20% decline in hashrate after halving, potentially lowering the BTC estimated production cost and price to $42,000.
3. The halving event could have significant impacts on the cost of production and price of Bitcoin.