The #Bitcoinย hash rate is going absolutely parabolic, smashing through 400TH/s & another ATH!๐
This is the 1st bear market where the hash rate is hitting new ATHs...๐
Is this time different?
These are the 3 reasons the 2025 bull market will NOT look like 2017 or 2021 bull markets:๐
This recent hash growth is unprecedented because many people were expecting we would see a repeat of 2018 & 2021...
In December 2018, the Bitcoin price crashed 50%, from $6K to $3K.๐
This caused a ''Bitcoin mining death spiral,'' as the hash rate also dropped over 30%.๐
Then in 2021, China banned Bitcoin mining, causing a 60% crash in the Bitcoin price.๐จ๐ณ
This caused a ''Bitcoin mining death spiral,'' as the hash rate also dropped over 30%.๐
IS THIS TIME DIFFERENT?
Reason #1: Hash Rate Race
Nation states are publicly and privately mining Bitcoin in this bear market...
๐ด๐ฒOman
๐ง๐นBhutan
๐ท๐บRussia
Reason #2: Supply Suffocation
In every prior Bitcoin bear market we've seen an increase in the number of coins on exchanges:
๐2015- Increase of 800K coins
๐2018- Increase of 900K coins
๐2022- DECREASE of 1M since Mar 2020
Reason #3: The Great Wall Street Accumulation
The Blackrock Bitcoin ETF application will be remembered as a pivotal moment for Bitcoin's future mainstream adoption.
TRILLIONS of capital has now been given the green light to invest in Bitcoin.๐ข
Takeaways: NOBODY is bullish enough.
Do you agree or disagree?
Let me know below.๐
