Hash Power Doesn’t Determine Bitcoin’s Price
Key Takeaways Brian Armstrong said July 20 that hash power leaving Bitcoin doesn’t set its price, citing the currency’s difficulty adjustment as his core argument. Bitcoin’s difficulty fell 5% to 127.17 trillion on July 11 after hashrate dropped 7.9% to 908 EH/s in ten days. Armstrong called $60,000 the bottom in June; 56.3% of roughly…
