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) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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