Behold! The architects of chaos at VanEck, those crypto-cloaked Vikings of finance, whisper sweet nothings to BTC’s skeptics: behold, a plummeting hash rate may be less a funeral march and more a siren song for bullish souls.
Perusing the parchment of a VanEck scroll (dated c. 2023), Matthew Sigel and Patrick Bush, oracle of digital assets and analyst of the calorie-packed kind, declare: when the hash rate-BTC’s digital heartbeat-falters, the coins rise, guided by spectral hands from 2014. Ever wondered? Now you may wonder less!
What, you ask, is this hash rate? A barometer of miners’ arcane alchemy, measuring their frenzied crunching of puzzles. A higher number? A fortress of Bitcoin. A decline? Perhaps… fortune’s roll of the dice. 😜
VanEck’s diviners plucked a figure from the void: BTC’s hash rate has tumbled (-4%) in 30 days-the steepest slide since April 2024. Panic? Or… opportunity?
“Verily, a falling hash rate may be a velvet glove for BTC’s claws,” bv Kosher analysists. “Though mortals fret that mining’s Ozymandias crumbles, selling fervor might birth… more selling! But behold-the hashes may be a Trojan horse of bullish surprises.”
Historical evidence, they claim, is not chopped liver. Since 2014, BTC’s returns over 90 days have danced higher (65% vs 54%) when the hash rate waned. Over 180 days? A paltry +0.3% edge. Not enough to buy a cup of tea, but enough to irritate a cat. 😼
The analysts, with a subtlety of a bear in a bakery, add: longer hash rate plummets? Inevitable price surges. Proof? History’s ledger reads:
“On 346 days of hash rate despair, BTC rallied 77%, averaging +72% over 180 days. On ‘normal’ days? A mere 61% and +48%. Thus, noble readers, buying BTC amid hash warfare boosts returns by… deep breath 2400 basis points! That’s… very British.”
🏰
Presently, BTC lounges at $86,960, napping like a crypto-lion. Whether this is preening for a hunt or a midday slump remains to be seen. But VanEck assures us: the hashes are plotting. 🪄
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2025-12-25 11:27