Bitcoin's price has dropped from $109K to around $80K, but the hashrate and mining difficulty are still at an all-time high.

The increase in difficulty may raise mining costs, but this reflects Bitcoin's strong fundamentals in terms of mining power and cybersecurity.

According to Ki Young Ju, CEO of CryptoQuant, the potential market capitalization of Bitcoin based on hashrate could reach $5 trillion.

With a current market capitalization of $1.6 trillion, the growth potential remains substantial.