‘Amid macro factors dominating BTC price talk lately, the market is overlooking one of the key fundamentals underpinning Bitcoin's value - network security,’ Presto analysts Peter Chung and Min Jung said.
‘The hashrate, the computational power that secures the network, has hit an all-time high of 679 EH/s, making it the most secure network by far.’
‘If you believe that trend will continue (in fact, the availability of spot ETF means we are in a much better setup than ever before), BTC seems grossly undervalued.’
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