Odaily Planet Daily News Matrixport released today's chart saying that the security of the Bitcoin mining network is increasing. As computing power continues to rise, competition among miners is becoming more and more fierce, and it is expected to drive $10 billion to $12 billion in capital expenditures (CapEx) each year. This fierce competition not only improves the security of the network, but also further promotes the development of decentralization. From historical experience, the increase in mining capital expenditures is often closely related to the rise in Bitcoin prices.
Corporate buyers represented by MicroStrategy continue to buy and hold Bitcoin for a long time, further reducing the circulating supply in the market. The current structure shows that Bitcoin prices may still have room to rise before computing power reaches its peak - and this turning point has not yet arrived. Overall, the continued expansion of the Bitcoin network and the simultaneous growth of market demand have provided solid support for Bitcoin prices.