Bitcoin Hashrate Is Increasing Exponentially, Experts Predict Another Bull Run

  • Alex Dovbnya
    📰 News

    With BTC hitting the $7,000 mark for the first time since Aug. 7, Bitcoin hashrate has also witnessed a gargantuan increase– it surged by a whopping 35% just in two days


Bitcoin Hashrate Is Increasing Exponentially, Experts Predict Another Bull Run

With BTC hitting the $7,000 mark for the first time since Aug. 7, Bitcoin hashrate has also witnessed a gargantuan increase– it surged by a whopping 35 percent just in two days, reaching 62 EH/s for the first time.

There are different explanations as to what’s behind this unprecedented spike in hashrate. Miners could be ditching Bitcoin Cash (BCH) and stick with Bitcoin, but it is also quite possible that somebody came up with a groundbreaking chip that gives current ASIC flagships a run for their money.

Whatever the reason, financial analyst Max Keiser predicts the new BTC all-time high in the offing.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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