While generally Bitcoin Price in falling down since the 2017 Dec 20K Peak,
Network Hash Rate is always going higher and higher!
Bitcoin will soar as high as $50,000 next year,
investment research firm Fundstrat predicts 65000$:
"We believe the current path of hash power growth supports a BTC price of about $36,000 by 2019 year end, with a $20,000-$64,000 range," as reported by Sam Doctor, head of data science research at Fundstrat.
The Mining Difficulty is soaring the same!
Hash power refers to the processing power computers need to generate bitcoins.
That's roughly four times or more from bitcoin's price Thursday of near $9,300.
Please note that Fundstrat co-founder Tom Lee is a major Wall Street strategist that covers bitcoin.
