Bitcoin network shows no signs of stopping. Bullish or bullish?
Currently, the miners residing in the United States contribute the highest in terms of the global hash rate of the Bitcoin network, 35.4%.A recent Cointelegraph analysis from January concluded that the industry players believe that the BTC hash rate will continue to grow. Despite the investors’ panic induced by the BTC price roller-coaster, industry experts pointed out that the Bitcoin network has become verifiably stronger than ever before.
Michael Levitt, co-founder chairman and CEO of Core Scientific, told Cointelegraph that he fully anticipates for the BTC global hash rate to continue growing at an aggressive pace. However, he mentioned that this growth is dependent on the price of Bitcoin moving forward, along with the success of the infrastructure currently being built.