[Theoria]

The weird part of cryto, was during cheap electricity, the price for btc was say 70k. Now, with inflation, crypto has fallen with rising energy prices. That one is odd to me. Rising prices to ‘mine’ would have created higher prices and limited production. Perhaps it doesn't work like that. Strong usd sure has knee capped btc, etc.

[Chode]

the only variable is the electric cost and all machines run 24/7/365

[neefer]

The weird part of cryto, was during cheap electricity, the price for btc was say 70k.
That's because the price of electricity doesn't impact mining as much as we're told. Bitcoin (but not all crypto) moves to where the electricity is cheap. It's not a local currency. Trader University recently published an excellent video about the electricity lies surrounding Bitcoin: Bitcoin And The Energy Morality Police

Now, with inflation, crypto has fallen with rising energy prices.
The value of most assets has also dropped. (except some real estate which is not a liquid asset) Stock futures had a big sell off. It's the nature of inflation, not crypto. The "only" solution by the Feds is higher interest rates which will soon cause the housing market to drop in value too.

Rising prices to ‘mine’ would have created higher prices and limited production.
I feel I'd have to write a book about Bitcoin to refute this statement. Let's just say, I'm married to an IT guy and we run a Bitcoin node. If electricity became an issue, we'd distill plastic and run a generator to keep the node up and possibly mine. If Bitcoin "crashes" to $10K, he and I will get into an argument about which guns I'm pawning to buy more "funny money." That's a bear market price enthusiasts would love to buy at. Bitcoin is here to stay. Subscribe to Trader University on YouTube if you want to learn more. Matthew is a wealth of knowledge.