CryptoQuant CEO: BTC computing power has increased fivefold in four years, while the BTC price has only doubled
News on February 7th, CryptoQuant CEO Ki Young Ju stated that Bitcoin is a value container, its fundamental value is related to the size of the container. He pointed out that if you are a financial giant, you would expand the scale of the container before investing a large amount of money. In the past 4 years, the scale of the container (computing power) has increased by 5 times, while the price has only doubled. This is what "increasing computing power" truly means.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 46,900 SOL transferred from Wintermute to an exchange, worth approximately $6.53 million
Data: 5,959 ETH transferred from one exchange to another, valued at approximately $18.09 million.
Tether suspends bitcoin mining in Uruguay due to rising energy costs, laying off 30 local employees