Bitcoin (BTC) has never been more secure than it is today. At the start of 2021, the Bitcoin network's hashrate rose by an impressive 25%, showing the confidence of its participants. This impressive improvement comes despite several attacks from U.S. regulators - without a doubt, showing the strength of the network and its users.

The hashrate, which quantifies the processing power of the entire network, shows just how difficult it is for any one participant to control the network or manipulate transactions. Despite the challenging and turbulent times in the banking and financial sector, Bitcoin continues to improve and strengthen.

Furthermore, whilst U.S. regulators may be trying to improve confidence in their financial systems, Bitcoin appears to be building its security organically, improving with no direct encouragement. Despite this impressive growth, senior macro strategist Mike McGlone believes that the price of Bitcoin is still vulnerable, with liquidity issues in the economy often having an effect on BTC.

McGlone has suggested that like gold or other treasury bonds, Bitcoin will soon transition to a more stabilized and mature asset class - one which is less susceptible to dramatic changes in price. So whilst its security is at its strongest since the launch of Satoshi’s whitepaper, Bitcoin may yet have to prove its worth before becoming an accepted financial asset on a worldwide scale.



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