These 4 Trends Show Bitcoin Is on the Verge of a “Multi-Year Bull Run”
Bitcoin Is on the Verge of a Big Run Prominent Bitcoin proponent “Vortex” recently noted that there are four clear signs that BTC is “beginning a multi-year bull run” reminiscent of the last one: The adoption of Segregated Witness (SegWit), a Bitcoin scaling technology, has just reached a new all-time high as exchanges continue to implement the technology. The hash rate of the Bitcoin network has reached a new all-time high as the price of BTC increases and companies roll out more efficient mining machines.
Two separate analyses by digital asset manager Charles Edwards found that the price of Bitcoin on a macro scale is strongly influenced by mining trends. Charles Edwards, the aforementioned digital asset manager and BTC analyst, recently compiled the list seen below of reasons why it’s hard to be bearish on Bitcoin right now.
