Matrixport: Bitcoin price may still have upward potential before computing power reaches its peak

Odaily Planet Daily News: Matrixport released a chart today stating that the security of Bitcoin mining networks is increasingly improving. With the continuous increase in computing power, competition among miners is becoming increasingly fierce, and it is expected to drive capital expenditures (CapEx) of $10 to $12 billion annually. This intense competitive landscape not only enhances network security, 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 market's liquidity supply. The current structure suggests that Bitcoin prices may still have upward potential before computing power reaches its peak - and this turning point has not yet arrived. Overall, the Bitcoin network continues to expand and market demand is growing synchronously, providing solid support for the Bitcoin price.