Matrixport stated on the X platform that "the security of the Bitcoin mining network is increasing day by day. With the continuous increase in computing power, the competition among miners is becoming more intense, and it is expected to drive annual capital expenditures (CapEx) of 10 to 12 billion US dollars. This intense competitive situation not only enhances the security of the network, but also further promotes decentralized development. From historical experience, the increase in mining capital expenditures is often closely related to the rise in Bitcoin prices."
"Corporate buyers represented by MicroStrategy continue to buy and hold Bitcoin for the long term, further reducing the market's circulating supply. The current structure indicates that before the computing power reaches its peak, the price of Bitcoin may still have upward potential - and this turning point has not yet arrived. Overall, the Bitcoin network continues to expand, market demand is growing in sync, and these factors together provide solid support for the price of Bitcoin."
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