Bitcoin On The Verge Of A Multi-Year Bull Run?
Sounds good to me!
These 4 Trends Show Bitcoin Is on the Verge of a “Multi-Year Bull Run”
“Prominent Bitcoin proponent “Vortex” recently noted that there are four clear signs that BTC is “beginning a multi-year bull run” reminiscent of the last one:
The adoption of Segregated Witness (SegWit), a Bitcoin scaling technology, has just reached a new all-time high as exchanges continue to implement the technology. SegWit allows for the blockchain to process more transactions, allowing for more users to transact on Bitcoin at a lower cost.
The hash rate of the Bitcoin network has reached a new all-time high as the price of BTC increases and companies roll out more efficient mining machines. Two separate analyses by digital asset manager Charles Edwards found that the price of Bitcoin on a macro scale is strongly influenced by mining trends.
63% of all BTC has not been moved in a year or more. The last time this metric was this high was at the start of the 2015-2017 bull run that brought Bitcoin to $20,000.
Google Trends indicates that an increasing number of individuals are searching for Bitcoin and related subjects.”
