TOKENPOST
1 min read
Add as a preferred source on Google

Bitcoin (BTC) Hashrate Turns Higher as Miners Run at Full Capacity

Ki Young Ju said a rising hashrate strengthens network security and Bitcoin’s store-of-value fundamentals. He separately called traditional finance firms’ backing of public miners an indirect bullish signal.

By Enna Lee
Published
Mentioned assets
Mining machines run beneath hard overhead lights in an industrial facility / TokenPost.ai
Mining machines run beneath hard overhead lights in an industrial facility / TokenPost.ai

Bitcoin (BTC) hashrate has returned to an upward trend while miners operate at full capacity, and CryptoQuant founder Ki Young Ju said the higher hashrate strengthens network security and Bitcoin’s store-of-value fundamentals.

Ju separately described traditional finance firms’ backing of publicly traded mining companies as an indirect bullish signal from institutional investors.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…