The peak in hashrate has greatly triggered the growing interest in Bitcoin as a store of value and the continuous improvement in mining it. This has raised competition among miners especially with Bitcoin’s block rewards becoming more complicated.
Even after Bitcoin's price volatility the increase in hashrate shows that miners are still believing in Bitcoin. A higher hashrate also makes the network safu making it harder for spammers to execute harmful actions.
Bitcoin’s hashrate peak is a great sign for the its connections indicating boost evolution of the mining aspirants.
