Bitcoin's hashrate, a measure of the computational power of all computers mining the cryptocurrency, has reached a new all-time high of 500 exahashes per second, signifying the network's enhanced security. Cathie Wood of Ark Invest highlighted Bitcoin's backing by the world's largest computer network, larger than Amazon, Google, and Microsoft's combined clouds, drawing a comparison with the trillion-dollar asset gold. The Bitcoin network's computational power is so vast that for every star in our galaxy, it performs 5 billion computations per second. Elon Musk expressed surprise at Wood's claim about the network's size.
#Bitcoin's Dip Doesn't Faze Cathie Wood: 'Backed By The Largest Computer Network' Cathie Wood reaffirms Bitcoin's strength, citing backing by the world's largest network. Eric Yakes differentiates Bitcoin's security, emphasizing its intrinsic monetary properties. https://t.co/pUzzEtaDJR
Bitcoin hash rate is at an all-time high. This is an important signal for investors to understand how bitcoin continues to be the most powerful computer network in the world. Always enjoy joining @cvpayne on his show. https://t.co/iNOs713CV0
NEW: "#Bitcoin is backed by the largest computer network in the world, a network orders of magnitude larger than the combined size of the clouds that Amazon, Google, and Microsoft have built over the last 15-20 years," says Ark Invest founder, CEO and CIO Cathie Wood 🙌 https://t.co/2r41uBkK9F
Bitcoin's hash rate hit an all time high 500 exahashes/s this month. What does this mean ? ▶️In simple terms, Bitcoin hashrate refers to the computational power utilized by miners to validate and process transactions on the blockchain. This process involves solving complex… https://t.co/p512KXAD5u
NEW: @elonmusk IS SURPRISED BY @CathieDWood CLAIM THAT "BITCOIN IS BACKED BY THE LARGEST COMPUTER NETWORK IN THE WORLD, A NETWORK ORDERS OF MAGNITUDE LARGER THAN THE COMBINED SIZE OF THE CLOUDS THAT @amazon, @Google, AND @Microsoft HAVE BUILT OVER THE LAST 15-20 YEARS" https://t.co/JfAPiYRNnZ
Bitcoin is backed by the largest computer network in the world, a network orders of magnitude larger than the combined size of the clouds that Amazon, Google, and Microsoft have built over the last 15-20 years. https://t.co/TsSDyTTyuk
Bitcoin's hash rate hit an all time high 500 exahashes/s this month. To highlight the enormity of this number: - For every star in our galaxy, the Bitcoin network is calculating 5 billion computations per second. - It would take ~2000 years for the entire global population,… https://t.co/Ki4jOxmliO
"Gold is a trillion-dollar asset out there, and we do believe that Bitcoin will get a nice slug of that," says @CathieDWood. https://t.co/qIRj2F5JWV
Bitcoin’s hashrate hit a new ATH making the network more secure than ever before... You don’t know what a hashrate is? Let us break it down for you 💃 Hashrates represent the total power of all computers mining Bitcoin, measured in hashes per second The hashrate increases… https://t.co/f0SevhJZvl