According to PANews, the security of the Bitcoin network is experiencing significant enhancement, primarily driven by an increase in hashrate and corporate accumulation of Bitcoin. As competition among miners intensifies, the hashrate continues to rise, with annual capital expenditures projected to reach between $100 billion and $120 billion. This competition not only bolsters network security but also encourages diversification. Historical data indicates that increased capital expenditure in mining is often associated with a rise in Bitcoin prices.
Meanwhile, corporate buyers like MicroStrategy are acquiring and holding Bitcoin, effectively reducing the circulating supply. This trend suggests that Bitcoin prices may need to increase until the hashrate reaches its peak, a situation that has yet to occur. Overall, these factors indicate that the Bitcoin network is expanding, and demand is growing, both of which ultimately support an increase in Bitcoin prices.
