The current bear market in Bitcoin is expected to end this year, according to mining data firm Hashrate Index. But other industry insiders aren’t so sure.
The firm’s optimistic outlook is good news given the sluggish cryptocurrency market, which has reduced mining profits.
However, the hashrate index underscored that a full-scale bull market is unlikely to begin anytime soon.
The mining firm also notes that Bitcoin hashrate growth may slow in 2023.