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Halving is just a strategy to secure the Bitcoin network through a reward incentive while at the same time Bitcoin is capitalized.

If Bitcoin had been created directly with 21 million there would be no incentive for miners with low Bitcoin capitalization and therefore the network would not be secure.

Halving is not the driver of the Bitcoin price.

Exodia38 2y ago

I've heard from some people that hash power increases the price of bitcoin. Is that true or false?

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Discussion

Cyph3rp9nk 2y ago

The rise in bitcoin hashrate is a consencount of the price rise, not the other way around.

The two most influential factors of bitcoin price in order are:

- Adoption

- Global liquidity

The two are interrelated, as strong global liquidity makes it more prone to risk capital investment (although I don't consider bitcoin a risky investment), and that at its core is adoption.

Toxic Bitcoiner 2y ago

False. Demand for Bitcoin does. Some expect total hash to go *down* in the far future, and that’s fine.

Chris Tavrou 2y ago

Yeah, Max Keiser is the one who's been saying it for quite a while now.

Complete rubbish

Toxic Bitcoiner 2y ago

Try Pierre Rochard and Saifedean. Think about it some more. https://youtu.be/_sSosh5rtpw?si=OTIpdmojHyKK0o6G

Chris Tavrou 2y ago

Wait, are you saying that hash power increases the price?

Toxic Bitcoiner 2y ago

Whoops. No. Misread about Max.

Chris Tavrou 2y ago

The way I wrote my message didn't help 😁