I fell like throughout this bear market and even during the last bull market there has been way too much focus on just on metric of growth for Crypto, the prices, but instead we should be looking at the wider spectrum of growth. At the end of the day something like Bitcoin is not just a financial asset but a payment technology that processes trillions of dollars of value every year. There are a lot of those other metrics to measure the growth of the WHOLE system from both a financial and technological perspective. We have hash-rate which shows us the computing power at Bitcoin but another important metric are the Nodes. A Bitcoin node is basically just a processor running the Bitcoin network and every transaction will go through every node to be validated, therefore increasing the safety and consensus of the whole Blockchain. Information about Bitcoin Nodes Over the last 7 years, we have had a 155% growth from roughly 6.8k nodes to now roughly 17.5k nodes. all that during two big bear markets and especially during our bear market in 2022 we still saw gains to new ATHs of over 15k and now in this year we went up from 14.4k in February to 17.4k today. Just thought that during all of our focusing we should also look at other metrics which may be even more important on the technological side of Bitcoin which is very important too. [link] [comments] |
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