Bitcoin Energy Value, indicator of electricity price for Bitcoin (BTC) mining network, reaches $100,000
Bitcoin , the largest cryptocurrency, hit another massive milestone in its splendid Q4, 2024, rally. Finally, its Energy Value metric hit $100,000. The timeline for this accomplishment was masterfully predicted by Capriole Investments' Charles Edwards almost five years ago.Bitcoin Energy Value, a key metric of the BTC Proof-of-Work mining ecosystem, set a new record today, Dec. 16, 2024.
As covered by U.Today previously, Charles Edwards predicted Bitcoin Energy Value to reach $100,000 by 2025 back in early March 2020.The Bitcoin Energy Value prediction came true two weeks earlier than it was predicted when BTC was worth $8,000 per coin.In the current bull run, Bitcoin routinely sets new ATHs across all meaningful metrics. For instance, Bitcoin difficulty hit 108.52T, up 40% in the last 12 months.
Over the same period, the Bitcoin hashrate almost doubled to reach an unbelievable 723.68 Ehashes per second. Today, Dec. 16, 2024, Bitcoin finally reached six-digit values in euros . As of press time, BTC is struggling to stay over €101,000.99,999,980 XRP at Go; BlackRock Sets XRP ETF Aside; Cardano Price Super Cycle Predicted by Top Analyst: Crypto News Digest by U.TodayEliza Labs and Stanford University’s FDCI to Explore AI Agents Impact on Digital Currency Systems
BloFin WOW 2024: Inaugural Global Trading Event Breaks Records With 1M USDT Prize Pool and Top Trader Participation99,999,980 XRP at Go; BlackRock Sets XRP ETF Aside; Cardano Price Super Cycle Predicted by Top Analyst: Crypto News Digest by U.Today
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