Bitcoin [BTC]: Of Epoch drawbacks and surging adoption

With about 368 days until miners get their next major reward, more retail and institutional investors have assembled to participate in the Bitcoin network.

From Bitcoin’s genesis to the first halving cycle, addresses increased by one million. The second Epoch recorded 8x the first, while the third cycle added another 3x. However, with approximately 368 days till the halving, there was still time for the fourth to follow the same pattern.

Meanwhile, there has been a notable revival in the Bitcoin market valuation growth since the unfortunate capitulation in 2022. For the unfamiliar, the Bitcoin demand and supply rate determine the market value. With an indexed growth of 271% since the last halving, the market valuation had increased to $558 billion. This reflects an increase in the demand for the coin and its popularity over a longer period.Besides the indexed growth, one metric that has sustainably increased over the last halving period is the hashrate.mining difficultyAt press time, the hashrate had grown exponentially by 184.59% as it rose to 439.23 Exahash per second .

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