Bitcoin hash rate returns to an upward trend; CryptoQuant founder says publicly operated mining companies have gained support from traditional financial giants.
According to Odaily, CryptoQuant founder Ki Young Ju stated on the X platform that Bitcoin's hashrate is returning to an upward trend, and miners are operating at full capacity. The increase in hashrate means enhanced network security and further strengthens Bitcoin's fundamentals as a store of value. Ki Young Ju indicated that public mining companies gaining support from traditional financial giants is, in his view, an indirect bullish signal from institutional investors.
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