ICYMI: here's why Max Keiser believes that Bitcoin is going to reach $220,000 this year BTC $BTC BTCprice
Keiser’s theory is based on his older theory that the price of the highest cryptocurrency tends to follow the network’s hashrate., Bitcoin’s hashrate reached a new record high of 203.5 exahashes on Jan. 2, starting the new year with a bang.
This came after the total computing power of the network dropped to as low as 58.4 exahashes per second in late June due to the mass exodus of miners from China.He now says that Bitcoin’s fundamentals are “screaming higher.” The largest cryptocurrency is currently changing hands at $46,579 on the Bitstamp exchange, struggling to regain bullish momentum.Is there a correlation?
Record-breaking hashrate numbers mean that it has become even more difficult and expensive to cripple the network by performing a 51% attack.price tends to follow the network’s hashrate is based on the assumption that the cryptocurrency tends to appreciate due to miners investing more money and resources into the network. The higher level of security is attractive for long-term investors since become increasingly confident that Bitcoin is not going away.
While a chart that compares the Bitcoin price and the hashrate shows that there’s a clear correlation, with the latter seemingly being a leading indicator.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
HBO Max admits to mixing up Emma Watson, Emma Roberts in 'Harry Potter' specialHBO Max admitted they had mixed up Emma Roberts and Emma Watson in an 'editing mistake' in the 'Harry Potter' reunion special.
Lire la suite »
The Mack Star Max Julien Has Died at 88He starred opposite Richard Pryor in the 1973 blaxploitation classic.
Lire la suite »
HBO Max Harry Potter Reunion: Why JK Rowling Isn't Featured ConfirmedHarry Potter author JK Rowling isn’t featured in HBO Max’s ReturnToHogwarts special. Here’s why.
Lire la suite »
Star Of 'The Mack,' Max Julien, Dies On His Birthday At 88-Years-OldLines from the iconic film have been sampled in hip hop songs by several rappers including Snoop Dogg, Raekwon, Mobb Deep, LL Cool J and Public Enemy
Lire la suite »
Actor Max Julien, star of ‘The Mack,’ dead at 88His signature role was as Goldie in 1973's 'The Mack.'
Lire la suite »
Max Julien Dies: Star Of Film Cult Classic ‘The Mack’ Was 88Max Julien, best known for his starring role in the 1973 blaxploitation film The Mack, died Saturday on his birthday at his home in Los Angeles, according to his friends. He was 88 and no cause of …
Lire la suite »