"Bitcoin mining networks are becoming increasingly secure," Matrixport said in a post on the X platform. "As computing power continues to rise, competition among miners is becoming more intense, which is expected to drive capital expenditure (CapEx) of $100 to $12 billion per year. This intense competition landscape not only enhances the security of the network, but also further promotes the development of decentralization. Historically, the increase in mining capital expenditure is often closely related to the rise in bitcoin price."
"Corporate buyers, represented by MicroStrategy, continue to buy and hold bitcoin for a long time, further reducing the supply of circulation in the market. The current structure suggests that the price of bitcoin may still have room to rise before the computing power has peaked - and this inflection point has not yet come. Overall, the continued expansion of the bitcoin network and the simultaneous growth of market demand have combined to provide a solid support for the bitcoin price."
Matrixport: Rising computing power and continued increases in corporate positions are driving bitcoin's rally
2025-05-13 07:24:47
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