In November 2021 #bitcoin hit a high of, roughly, $65,000. At that time the hash rate was around 162EH. Right now the #bitcoin price is at about $60,000, but the hash rate is 686EH. At a simple level, network participants are telling us that bitcoin is severely undervalued right now. If we compute a hash-adjusted price for bitcoin, we *should* be at about $275,000 right now. #bullish https://m.primal.net/LJan.png