Bitcoin hashrate top is in?

8 Jul 2023

BTC seems to struggle to break up further than 30k. It needs to go much further tho in order for hashrate to remain intact for the next halving which is in about 9 months. If not its possible that hashrate will begin a decline.

8 Jul 2023

Nota

I tried to model Bitcoin Security Budget (How much money is available for miners) going through the next many halvings, and assuming a modest fee increase which is what miners are going to rely on more and more for revenue. It does not look good! My projection is almost 90% drop in hashrate over the next 25 years. I wonder how the market will react to that!