Bloomberg's Mike McGlone says Bitcoin $BTC has never been more secure, even during Satoshi Nakamoto era bitcoin btc satoshi satoshinakamoto btcusd btcusdt bitcoinnews mikemcglone11
As the macro strategist reports, Bitcoin's hashrate has risen by an impressive 25% since the start of the year, suggesting that the confidence of network participants is now at its absolute highs. This is despite direct attacks by U.S. regulators on miners, the analyst notes.
The higher the index, the harder it is for anyone alone to control the network or manipulate transactions, and Bitcoin's hashrate not only doubled during the 2022 bear market, but continues to increase, the analyst enthuses.
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