CryptoQuant CEO Says Rising Bitcoin Hashrate Signals Institutional Demand

Bitcoin ’s network hashrate has climbed meaningfully from recent lows, reviving attention on what the metric can signal about mining confidence. CryptoQuant founder and CEO Ki Young Ju said the rebound points to “indirect bullish” backing from institutional participants that support public Bitcoin miners. Ju linked the recent hashrate improvement to stronger network security and more robust “fundamentals as a store of value.” He also argued that public mining companies are frequently funded or supported by traditional finance (TradFi) institutions, making the hashrate trend an indirect reflection of institutional involvement.

Also reported by Crypto Economy.

Source: Crypto Breaking News