Bitcoin’s Hash Rate Just Hit a High — Max Keiser Thinks Price Will Follow

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Despite stagnation in the Bitcoin market, the hash rate of the leading cryptocurrency has grown stronger and stronger. The hash rate is the measure of the computational power being allocated to mine BTC blocks. As noted by CoinCorner’s Matt Ward, data shows that the hash rate just hit a new all-time high on July 13th. The measure hit 147.88 exahashes per second, which is double that seen a year ago and over 10 times higher than that of 2017’s $20,000 high. #bitcoin hashrate just reached an 𝗮𝗹𝗹 𝘁𝗶𝗺𝗲 𝗵𝗶𝗴𝗵. The 𝗵𝗶𝗴𝗵𝗲𝗿 the hashrate, the more 𝘀𝗲𝗰𝘂𝗿𝗲 the network is. — Matt Ward (@CoinCornerMatt) July 13, 2020 This indicates that Bitcoin is more secure as a computational network than ever before, even though the market has flatlined. But what effect will the booming hash rate have on the price of BTC? Bullish for the Bitcoin Price: Analysts According to Bitcoin…

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