Weekly cryptocurrency review #6

1 year ago

Bitcoin networks have achieved a new hashrate performance record this week.

Data from web portals monitoring the blockchain network performance confirms that the current hashrate reaches almost 62 million terahashes per second. This means that Bitcoin has reached this level for the first time in its very short history.

62 trillions according to the short scale (62,000,000,000,000,000,000) is such a large number that the human mind can not even imagine it. For comparison, the number of grains of sand on Earth is about 7 trillions, while the planet also contains about 326 trillions gallons of water.

Achieving this level of performance of the Bitcoin network means continuing the accelerating growth of the hashrate, which is characterizing the cryptocurrency behavior this year. The data imported from the websites monitoring blockchain network performance confirms a 60 percent increase in the last three months, and in just mid-June network performance has reached 43 trillions.

The Bitcoin network performance is presented in the chart below:

And what is the price situation on the Bitcoin market? Despite the correction from last week, faith in short-term increases remains strong. Moreover, the announcement of the owner of the New York Stock Exchange ICE about plans to build and run a regulated digital asset platform by November this year has strengthened the investors' conviction that the price hole is already behind us, so the entire crypto market turns green.

11% of Polish citizens have some kind of cryptocurrency!

In a survey conducted by ING Bank, in which respondents referred to the question "Do you have any cryptocurrency?", the Poles took third place in terms of having any crypto currency. It turned out that every tenth of them is somehow connected with the cryptocurrency industry.

In addition, the survey results show that, in spite of everything, still relatively few consumers have generally invested in Bitcoin or other digital currencies. On average, nine percent of European consumers indicate that they own cryptocurrencies compared to eight percent in the United States and seven percent in Australia. Luxembourg and Belgium have the lowest percentage in Europe, while 18 percent of consumers in Turkey say they have digital currency. According to source data, the main reason for the relatively low interest in having cryptocurrencies and the main concern of the respondents was the risk associated with investing in currencies. Only in the Netherlands the main reason for not having cryptocurrencies was that people were simply not interested in it at all.

The survey was conducted on a sample of 14,828 people, about 1,000 people from each country except Luxembourg.

The results of the study are presented in the chart below: