TechFlow news, May 13 — Matrixport released a chart today stating, "The security of the Bitcoin mining network is increasingly strengthening. As computing power continues to rise, competition among miners is intensifying, expected to drive $10–12 billion in annual capital expenditure (CapEx). This fierce competitive landscape not only enhances network security but also further promotes decentralization. Historically, increases in mining capital expenditures have been closely associated with rising Bitcoin prices.
Corporate buyers, represented by MicroStrategy, continue purchasing and holding Bitcoin long-term, further reducing market circulating supply. The current structure suggests that Bitcoin prices may still have upward potential before computing power reaches its peak—and that turning point has not yet arrived. Overall, the Bitcoin network continues expanding, with demand growing in parallel, collectively providing solid support for Bitcoin's price."
