Bitcoin’s Hashrate Hits All Time High, Max Keiser Says Price Will Follow

Recent data confirms that the hashrate of the Bitcoin network has been growing steadily in 2018, despite the transaction volume and price decline of Bitcoin this year. The term refers to the total computing power of the Bitcoin network.

This information means that, even if the prices of Bitcoin are falling, there are more people deciding to invest in it. The hashrate has already gained 15% in June only.

Max Keiser States Bitcoin Prices Will Soon Follow The Hashrate

The Wall Street trader and journalist Max Keiser has recently announced on Twitter that the price of the token would follow the hashrate, meaning that there is a chance that the Bitcoin price might spike again. This has, in fact, been Keiser’ mantra ever since Bitcoin was only worth $3 USD.

Not only the hash rates, but transaction fees and mempool size have also improved since last year, especially because of the popularity of the Segregated Witness (SegWit) support. During May, SegWit’s presence reached just under 40% of all the Bitcoin transactions that were made.

Will the Bitcoin price grow until the end of the year? That is what the experts tend to believe but only time will tell for sure if this will happen.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide