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Bitcoin Hashrate Is Increasing Exponentially, Experts Predict Another Bull Run

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Wed, 29/08/2018 - 16:08
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Bitcoin Hashrate Is Increasing Exponentially, Experts Predict Another Bull Run
Cover image via U.Today
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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.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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