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RE: Bitcoin Hashrate hits another all-time high, will prices follow?
Max Keiser is wrong. As you point out, it makes zero sense to flip the correlation to causation.
However, if people think he is right, it will become a self-fulfilling prophecy that will add even more volatility to the market; Fulled by analysis rather than fundamentals.
Yea, I mean it makes a lot more sense for higher prices to cause increasing hashrates as opposed to the other way around as the higher prices simply attract more miners.
It would be interesting to see where he got his data from. I can't find much.