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Bitcoin’s Hashrate Surges 4% in Early August—JPMorgan Spots Miner Confidence Boom
Bitcoin’s Hashrate Surges 4% in Early August—JPMorgan Spots Miner Confidence Boom
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Bitcoin’s backbone just got stronger. Network hashrate—the lifeblood of mining security—jumped 4% in the first half of August, per JPMorgan data. No fluke: this signals miners are doubling down despite Wall Street’s usual skepticism.
Why it matters: More hashrate means more muscle fending off attacks. It’s a bullish bet on Bitcoin’s future by the very players who’d know best—even if traditional finance still calls it ‘digital snake oil.’
The kicker: While banks debate ETFs, the real action’s in the trenches. Miners are voting with their rigs. And for once, JPMorgan’s report didn’t bury the lede in footnote 37.
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