casey on Nostr: The #bitcoin hash rate continues to climb (it's been growing at an exponential rate; ...
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) Published at
2024-09-07 10:49:21Event JSON
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"pubkey": "0326de1892209302fce895b7570492326ddb540eb215b8544ac2445127b81024",
"created_at": 1725706161,
"kind": 1,
"tags": [
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"content": "https://m.primal.net/KhvN.png \n\nThe #bitcoin hash rate continues to climb (it's been growing at an exponential rate; see purple trend line).\n\nWhen 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!\n\nBitcoin is a technology, a protocol, and should be assessed as such.\n\nNetwork is strong. Fundamentals are strong. Price will catch up.\n\nLez go! nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l",
"sig": "799e65a9d43e787aa79b00204faf86cc458eeb8575e6162820d70804450a4756e133e2d18612b1842ba2607d2ac6ca0ba2d14993f6b5ad55900860b6aa8d5ef0"
}
