Matrixport: Bitcoin price may still have room to rise before computing power reaches its peak

News: Matrixport released a chart today stating that the security of the Bitcoin mining network is increasingly strengthening. As computing power continues to rise, competition among miners is becoming more intense, with an expected annual capital expenditure (CapEx) of $1-1.2 billion. This fierce competitive landscape not only enhances network security but also further promotes decentralization. Historically, the increase in mining capital expenditure is often closely related to Bitcoin price increases. Corporate buyers like MicroStrategy continue to purchase and hold Bitcoin long-term, further reducing market circulation supply. The current structure suggests that Bitcoin price may still have room to rise before computing power reaches its peak—and this inflection point has not yet arrived. Overall, the Bitcoin network continues to expand, with market demand growing simultaneously, and these factors collectively provide solid support for Bitcoin's price.