The #Bitcoinย hash rate is going absolutely parabolic, smashing through 400TH/s & another ATH!๐Ÿš€

This is the 1st bear market where the hash rate is hitting new ATHs...๐Ÿ“ˆ

Is this time different?

These are the 3 reasons the 2025 bull market will NOT look like 2017 or 2021 bull markets:๐Ÿ‘‡

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.๐Ÿ“‰

This caused a ''Bitcoin mining death spiral,'' as the hash rate also dropped over 30%.๐Ÿ“‰

Then in 2021, China banned Bitcoin mining, causing a 60% crash in the Bitcoin price.๐Ÿ‡จ๐Ÿ‡ณ

This caused a ''Bitcoin mining death spiral,'' as the hash rate also dropped over 30%.๐Ÿ“‰

IS THIS TIME DIFFERENT?

Reason #1: Hash Rate Race

Nation states are publicly and privately mining Bitcoin in this bear market...

๐Ÿ‡ด๐Ÿ‡ฒOman

๐Ÿ‡ง๐Ÿ‡นBhutan

๐Ÿ‡ท๐Ÿ‡บRussia

Reason #2: Supply Suffocation

In every prior Bitcoin bear market we've seen an increase in the number of coins on exchanges:

๐Ÿ“ˆ2015- Increase of 800K coins

๐Ÿ“ˆ2018- Increase of 900K coins

๐Ÿ“‰2022- 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.๐ŸŸข

Takeaways: NOBODY is bullish enough.

Do you agree or disagree?

Let me know below.๐Ÿ‘‡

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Discussion

Agree ๐Ÿ’ฏ

Imo 4 would be itโ€™s a lot harder this cycle to get involved with alts on cefi exchanges. Therefore more will invest in btc instead of chasing alts. Most alt gains will be on chain imo

Also, El Salvador and UAE are mining.

This is my kind of hopium, โ‚ฟrother. โšก๏ธ