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casey / Casey Ryan
npub1qvn…2v8a
2024-09-07 10:49:21

casey on Nostr: https://m.primal.net/KhvN.png The #bitcoin hash rate continues to climb (it's been ...



The #bitcoin hash rate continues to climb (it's been growing at an exponential rate; see purple trend line).

When the price hit a high of $66k in 2021, hash rate was about 70% LOWER than it is now (current price is $54k). Think about that!

Bitcoin is a technology, a protocol, and should be assessed as such.

Network is strong. Fundamentals are strong. Price will catch up.

Lez go! Dr. Jeff (npub1k7v…c04l)
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npub1qvnduxyjyzfs9l8gjkm4wpyjxfkak4qwkg2ms4z2cfz9zfaczqjqql2v8a