Hashrate Surge and Mining Competition
The growing interest from institutions, coupled with increased mining difficulty, is limiting Bitcoin’s supply. This tightening supply, alongside rising demand, points to the likelihood of Bitcoin becoming even more valuable in the long term.
Rising Network Activity
In addition to the surge in hashrate, the number of active addresses on the Bitcoin network has been steadily increasing since mid-September. This trend suggests more users are conducting transactions, indicating broader adoption and engagement with the cryptocurrency.
Long-Term Outlook for Bitcoin
For investors, these signals are highly encouraging. As more participants join the Bitcoin network and its security strengthens, the likelihood of sustained price growth increases. Despite short-term corrections, Bitcoin’s strong fundamentals offer a promising outlook for the future.
Will Bitcoin Regain Its Strength?
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