Bitcoin’s hashrate is 6x higher than it was when the price was $20,000. Analysis suggests Bitcoin’s price should be A LOT higher.

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Hash Rate
https://www.blockchain.com/en/charts/hash-rate?timespan=all

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Is the Hash Rate a good predictor of Bitcoin’s Price?

710M new internet users in the next 7 years: think Bitcoin.
https://old.reddit.com/r/Bitcoin/comments/d0tj00/710m_new_internet_users_in_the_next_7_years_think/

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26 COMMENTS

  1. Great info about the harsh rate? however hopism is not reliable as a tool. Prime example Microsoft came first but Macintosh(apple) really exploded internet mobile usage. So there's a lot of room for let's say the fed or something to make an undercover better bitcoin which would overtake bitcoin like apple did with the iPhone. laptops and desktops suddenly became office and student equipment. My advice study the charts look out for the tops sell all wait for the dump, buy low and do it all over again

  2. The hiden gems of 2019 U Network, Apollo, Credit made by Terra and Wavesbet they have so much potentials 500x will be very realistic, becuase of their great features and many use cases

  3. True and the other coin that's undervalued is DASH given the development and the real world adoption reached. BTC and DASH will be the two solid financial products of the blockchain tech

  4. At the all time high bitcoin was super over valued. We are a lot more balanced out now. The hash rate is a very important factor in deciding the value of bitcoin. Most people just look at charts and do TA without looking at hash rate or even considering hash rate.

  5. Hashrate up = new and better miners coming in to the market. Or more of the old models but more likely at this profitability rate it is just new models coming in. Great video, loved that you bothered to explain r ?✌️

  6. there is so much push for being bullish, but bitcoin maybe is already too high, it doesn't mean that if now there is more "momentum" or higher correlated "value" vs public data, etc that bitcoin should be valued much higher.

  7. I am also a silver investor, and before Bitcoin came along, silver was the achilles heel of the current fiat based ponzi scheme world financial system we currently have. Silver is under extreme manipulation and is kept down in price. Silver should be at least $200 an ounce, but always sits around $14 to $21 dollars. Ask any silver investor about this. Now my biggest fear since getting into Bitcoin has been that it will also come under great manipulation and kept down. Anything that is deemed a threat to the current system will be manipulated down. I hope i am very wrong. Your thoughts?

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