[Xangle Just the FACTs] Xangle’s viewpoint in D-34 BTC halving: Miner’s hashrate
[Xangle Just the FACTs] Xangle’s viewpoint in D-34 BTC halving: Miner’s hashrate
According to crypto disclosure platform Xangle, crypto investors must pay close attention to Bitcoin’s hashrate as the halving event is just around the corner — especially since previous halving events show that price follows hashrate.
Xangle Just the FACTs report states that Bitcoin hashrate has increased by more than 19,766% in a year since its first halving event in November 28, 2012. Price soared after, gradually increasing by a staggering 8,069%. The second Bitcoin halving in July 9, 2016 showed similar results — its price (+284%) followed the hashrate (+248%)
For such reasons, we must attend closely to BTC hashrate. However, this time there are several unexpected variables that might affect Bitcoin’s upcoming hashrate, including the coronavirus (the hashrate has decreased by 24% already). Please check the details in Xangle Just the FACTs.
