The Bitcoin community continues to support its beloved BTC despite the current prices!
However, as the displaced miners resumed operations from other countries, the network difficulty saw a drastic recovery since August 2021. As a result, on Saturday, the BTC network recorded an all-time high of 26.643 trillion.that the network will continue to grow stronger by attaining another all-time high in the next 12 days, with a network difficulty of 26.70 trillion.
As Cointelegraph reported, McGlone believes Bitcoin is in a unique position to outperform in an environment where stimulus reduction is usually considered negative for risk assets: “Cryptos are tops among the risky and speculative. If risk assets decline, it helps the Fed‘s inflation fight. Becoming a global reserve asset, Bitcoin may be a primary beneficiary in that scenario.”
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