These 11 things are more important than the price of Bitcoin.
1) Merchant Acceptance: The number of businesses accepting Bitcoin for payments can indicate its utility as a currency.
2) Institutional Adoption: When large institutions or companies hold Bitcoin on their balance sheets, it signifies mainstream acceptance.
3) Custody Solutions: Institutional-grade custody solutions that provide security for large Bitcoin holdings.
4) Hash Rate: A high hash rate indicates strong security for the Bitcoin network, making it harder for malicious actors to compromise it.
5) Node Distribution: The geographical and organizational diversity of nodes supports the decentralization of Bitcoin.
6) Regulatory Environment: Clear regulations can foster growth by providing a predictable environment for users and businesses.
7)Global Acceptance: How different countries regulate or view Bitcoin can significantly impact its global use.
8) Layer 2 Solutions: Developments like the Lightning Network aim to enhance Bitcoin's scalability and speed.
9) Consensus Updates: Improvements in consensus mechanisms or protocol upgrades can affect Bitcoin's functionality and efficiency.
10) Public Perception: How Bitcoin is viewed by the general public, influenced by media, can sway its adoption and investment.
11) Wallet Security: Advances in wallet technology and security practices to protect Bitcoin holdings.
What else is more important than Bitcoin NGU?