yeah exchange holders will start to take self custody, but once bitcoin reaches six figure $ valuations the illustrious 1 BTC balance will become even more illustrious
It's amazing to see how hard the hash rate has increased in the past 3 months. The exponential nature of it is crazy. Any bets on how high will it be in a year?
I also love how the China ban is slowly fading into just being another small piece of noise in the chart.
Miners must know something, right? But miners can also go bankrupt. Price doesn't exactly follow hash rate. But yes I get it, more hash rate means there is more competence to mine, because there is more interest, more adoption, otherwise miners wouldn't be investing so much.
IMO, this chart is also very relevant. https://i.postimg.cc/c4t31gyH/Screen-Shot-2023-06-20-at-10-19-09-am.png
This trend will start flatlining hard after the next cycle
I'm not 100% sure about it.
IMO more people will be interested in having that balance under their control.
yeah exchange holders will start to take self custody, but once bitcoin reaches six figure $ valuations the illustrious 1 BTC balance will become even more illustrious
people will get priced out
It's amazing to see how hard the hash rate has increased in the past 3 months. The exponential nature of it is crazy. Any bets on how high will it be in a year?
I also love how the China ban is slowly fading into just being another small piece of noise in the chart.
higher.
Nice to see my USB miner making a difference there
yes, mining chart is all that matter
Proof of work. This is a strong signal.
i knew hashrate was on the rise, but this chart still surprised me. thanks for sharing!
Miners must know something, right? But miners can also go bankrupt. Price doesn't exactly follow hash rate.
But yes I get it, more hash rate means there is more competence to mine, because there is more interest, more adoption, otherwise miners wouldn't be investing so much.
ππΌπ°ππ² ππΌ ? π€ π