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RE: Bitcoin Hashrate hits another all-time high, will prices follow?
I agree with Keiser, mostly because anything that requires more resources usually gets more expensive, and this is not different, the price will eventually have to reflect those extra resources being spent...
While certainly possible, I feel like the resources are just chasing the 'free money' in terms of bitcoin mining. The higher the price goes, the bigger the spread between the cost to mine and the coin itself which encourages more people to show up to play.