Bitcoin hashrate top is in?
BTC seems to struggle to break up further than $30k. It needs to go much further tho in order for hashrate to remain intact for the next halving which is in about 9 months. If not its possible that hashrate will begin a decline.
I tried to model Bitcoin Security Budget (How much money is available for miners) going through the next many halvings, and assuming a modest fee increase which is what miners are going to rely on more and more for revenue. It does not look good! My projection is almost 90% drop in hashrate over the next 25 years. I wonder how the market will react to that!