The price of Bitcoin has decreased from $109K to around $80K, but the hash rate and mining difficulty have reached new records.
The increase in difficulty may seem negative due to higher mining costs, but it indicates strong fundamentals such as mining power and network security.
According to Ki Young Ju, CEO of CryptoQuant, the potential market capitalization of Bitcoin based on hash rate could reach $5 trillion.
Given the current market capitalization of $1.6 trillion, the growth potential remains significant.
The increase in difficulty may seem negative due to higher mining costs, but it indicates strong fundamentals such as mining power and network security.
According to Ki Young Ju, CEO of CryptoQuant, the potential market capitalization of Bitcoin based on hash rate could reach $5 trillion.
Given the current market capitalization of $1.6 trillion, the growth potential remains significant.