Bitcoin Hashrate at ATH again!

Hello!

Some people noticed that Hashrate is skyrocketing and today I saw different people tweeting this. Max Keiser also said today that he doesn’t look at the price, the metric to measure the value of Bitcoin that he uses is Hashrate.

Of course, he does look at the price. But it all starts at the Hashrate level, if Hashrate increases, price increases. The more secure is the network, the more equipment is mining. If there is more equipment mining and joining the network, there is more people committed that have invested in new equipment. If people invest is because they expect the network to continue growing. It’s like a self-fulfilling prophecy.

Take a look at the Hashrate chart for the last 5 years:

As you can see… Up only! There a couple of bumps in the road, but long term it’s incredibly moving to the upside.

At the time of writing these words, Bitcoin is trading at $72,000, very very very very close to the ATH of $73,500. This is going to explode soon, take a seat and enjoy it, you deserve it my friend. We’ve been waiting for so long. Hive will move sooner or later, but first, let’s enjoy the new Bitcoin ATH. I assume there is a lot of people that is going to be liquidated and there are very few sell orders above $73,000 we could jump very fast. We’ll see.

I hope you had a great day!

Posted Using InLeo Alpha