Bitcoin's Hashrate is right back to its all time highs...

Does that mean the price is soon to follow?

BCH and BSV both already had their block reward halving events which forced much of their mining resources into bitcoin as it became much more profitable to mine bitcoin than BCH or BSV, at least until the next difficulty adjustment.

And as you might have guessed, that pushed the hashrate on BTC back near all time highs.

Check it out:

(Source: https://bitinfocharts.com/comparison/bitcoin-hashrate.html#6m)

This leads to the prevailing question of whether the price leads or follows the network's hashrate...

There are some in the industry that claim that the network hashrate leads price, like Max Keiser.

There are others that believe that the price more than likely follows the hashrate.

Either way, an increasing hashrate means the network is more robust and more secure, which is always a good thing.

What do you think, does hashrate follow or lead the price of bitcoin?

Stay informed my friends.

-Doc