Recent reports suggest a significant strengthening of the Bitcoin network’s security, fueled by rising hashrate and increasing corporate investment. The competition among miners is driving up hashrate, with annual capital expenditures expected to reach anywhere from $100 billion to $120 billion. This intense competition not only enhances network security but also promotes diversification across mining operations. Historical data shows a clear correlation between significant capital expenditure in mining and Bitcoin price increases. On top of that, large corporations like MicroStrategy are acquiring and holding Bitcoin, further reducing the circulating supply. This trend suggests that Bitcoin prices will likely continue to rise until hashrate reaches its peak, which is yet to happen. In summary, the growing network strength and expanding demand for Bitcoin indicate a promising future for the asset.