Dogecoin

Rise

Elon Musk

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-hash-power-reaches-historic-high-elon-musk-acknowledges-achievement/" data-wpel-link="internal">Bitcoin’s Hash Power Reaches Historic High: Elon Musk Acknowledges Achievement</a><br></p>
<p style="text-align: justify">ARK Invest Digital Assets Director Yassine Elmandjra, with a groundbreaking development, announced that <a href="https://en.coin-turk.com/analyst-predicts-bitcoin-rally-as-cryptocurrency-market-eyes-future-movements/" data-wpel-link="internal">Bitcoin</a>‘s hash power has risen to 500 exahashes per second. This achievement stands as a historical high for the leading cryptocurrency, demonstrating its robustness and resilience in the crypto market.</p> 
<h2 style="text-align: justify" id="the-magnitude-of-the-achievement-and-comparisons">The Magnitude of the Achievement and Comparisons</h2> 
<p style="text-align: justify">Elmandjra emphasized the significance of this milestone with convincing comparisons. Currently, the Bitcoin network is performing an astonishing five billion calculations per second for each star in our galaxy.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-304988 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/btc-elon-musk-cointurk.png" alt="" width="746" height="837"></p> 
<p style="text-align: justify">To grasp the scale of BTC network’s hash power, it would take the entire global population contributing one hash per second for approximately 2,000 years. In terms of raw processing power per second, Bitcoin leaves the world’s most powerful supercomputer behind by an impressive 500-fold margin.</p> 
<h2 style="text-align: justify" id="elon-musk-s-reaction-short-but-powerful-response">Elon Musk’s Reaction: Short But Powerful Response</h2> 
<p style="text-align: justify">One of the leading advocates for cryptocurrencies and CEO of Tesla, Elon Musk, responded to this news with a short but effective message. Actively involved in the crypto space, Musk acknowledged the success of Bitcoin’s hash power reaching new heights.</p> 
<p style="text-align: justify">Musk’s interest in crypto assets is well-documented with Tesla’s significant holding of 10,725 BTC. He has also supported Dogecoin in the past through his tweets.</p> 
<p style="text-align: justify">His recent participation in discussions around a Bitcoin ETF further solidifies his active involvement in the crypto scene. Notably, Musk has even suggested the use of BTC on Mars, showcasing his futuristic vision for cryptocurrencies beyond Earth, despite the natural challenges posed by the planet’s distance from the sun.</p> 
<h2 style="text-align: justify" id="bitcoin-s-rise-and-musk-s-endorsement">Bitcoin’s Rise and Musk’s Endorsement</h2> 
<p style="text-align: justify">As Bitcoin continues to overcome obstacles and reach new milestones, Elon Musk’s response underscores the increasing importance of crypto assets in mainstream <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a>. Musk’s acknowledgment of Bitcoin’s technological prowess aligns with a broader trend of significant figures recognizing the importance and potential of cryptocurrencies.</p> 
<p style="text-align: justify">In conclusion, Bitcoin’s record-breaking hash power, combined with Elon Musk’s positive reaction, underscores the resilience and growing significance of crypto assets. As the world of cryptocurrency evolves, endorsements from influential figures like Musk further cement the role of Bitcoin and other cryptocurrencies in shaping the future of finance.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-hash-power-reaches-historic-high-elon-musk-acknowledges-achievement/" data-wpel-link="internal">Bitcoin’s Hash Power Reaches Historic High: Elon Musk Acknowledges Achievement</a></h5>

Bitcoin’s Hash Power Reaches Historic High: Elon Musk Acknowledges Achievement

Table of Contents

COINTURK NEWS

Other articles published on Jan 19, 2024

Amazon Web Services to Invest $13.5 Billion in Japan to Enhance Cloud Infrastructure

PARSIQ's Reactive Network Executes First Reactive Transaction, Enhancing Cross-Chain Communication

CFX Price Surges 8% As Conflux Launches EVM-Compatible Bitcoin L2 Solution

STELSI and Young Architects Forum Korea to host 38th Young Architects Forum in Seoul next week

Hong Kong Set to Launch Spot Bitcoin ETF in Q1 2024

Grayscale CEO Challenged Bitcoin ETF Rivals! "Most of It Won't Last, Here's Why!"

Join our free newsletter for daily crypto updates!