Bitcoin fundamentals are continuing to improve!
bitcoin·@jrcornel·
0.000 HBDBitcoin fundamentals are continuing to improve!
# Taking the price increase as of late aside, the fundamentals of bitcoin continue to improve. The fundamentals of bitcoin have continued to improve recently, especially when compared to that of 2 years ago. Not sure which fundamentals I am referring to? Well, lets take a look at a couple things other than the price of bitcoin. # Hash Rate... First, check out the hash rate over the past two years: https://i.postimg.cc/ncd9RfdD/https-bucketeer-e05bbc84-baa3-437e-9518-adb32be77984-s3-amazon.jpg The hash rate, which secures the bitcoin network, is up more than 10x in the last 2 years. # Transactions... Next, check out the number of confirmed transactions on the bitcoin network daily: https://i.postimg.cc/2jtf2HQ5/https-bucketeer-e05bbc84-baa3-437e-9518-adb32be77984-s3-amazon.jpg Confirmed transactions are up close to 90% since this time 2 years ago. And, they are up almost 3x from the lows seen in May of 2018... # Users... Finally, check out the number of bitcoin wallets: https://i.postimg.cc/bNLVmdc9/https-bucketeer-e05bbc84-baa3-437e-9518-adb32be77984-s3-amazon.png Over the course of the last two years, bitcoin wallet totals are up close to 3x. # Summary: The number of people using bitcoin has significantly increased. The number of people and computing power being used to secure the bitcoin network has significantly increased. The number of confirmed transactions per day has increased. All in all, I'd say the bitcoin fundamentals are looking very good over the past two years, with many of these metrics even higher today than they were during the price mania peak of late 2017. Stay informed my friends. -Doc
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