Twenty One Capital CEO: Bitcoin Experiences Its First Hash Rate Bear Market, Large-Scale Mining is Beneficial
Raphael Zagury, CEO of Twenty One Capital, stated at the "Bitcoin Asia 2026" conference in Hong Kong that Bitcoin is experiencing its first hash rate bear market in history. The total network hash rate has continued to decline after approaching 1.3 ZH/s at the end of last year, marking the longest period without recovering from its historical peak. Zagury pointed out that the failures of mining companies are primarily due to their own capital and cost structures, rather than the price of Bitcoin or hash rate levels. He believes that the hash rate bear market is beneficial for the remaining miners, as their network share will naturally increase. Currently, almost all publicly listed mining companies are exiting the industry, and in a situation where Bitcoin prices are low and the hash rate landscape is favorable, large-scale mining is in a beneficial position.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Hunter Biden Supports Decentralized Digital Currency and Blockchain

Fear and Greed Index at 69, Market Sentiment Remains 'Greed'

Why Do Perpetual Contracts Experience Timed Fluctuations Every 15 Minutes?

Hackers Stole $320 Million Worth of BTC but Returned Most of It!

Metaplanet CEO Admits Insufficient Disclosure of Compensation Plan, Denies Involvement in MMXX Trading Decisions

Bitcoin Mining Electricity Cost of $5.68: The Pitfall of 2010 Calculations

Strong jobs just triggered a hawkish UBS reversal that could pressure Bitcoin through December

Stacks Founder Proposes Using AI for Security and Limiting Withdrawals on Liquid

Tether Alloy Gold-Backed Reserves Cross $210M

From Bitcoin Cold Wallets to Cryptocurrency Farms: How the Digital Asset Network Challenges the Financial System

Brazil's Cryptocurrency Market to Reach $98.7 Billion by 2025 as Banks Expand Services Without Own Holdings

Brazilian Banks Expand Crypto Offerings as Regulation Takes Hold

Sam Price Analyzes Bitcoin ETF Inflows and Market Trends

Bitcoin Miners Invest $30 Billion in AI

Bitcoin daily transactions hit fourth-highest level in history

Trader Killa recommends selective altcoin buying in early BTC bull phase

The party is over for cryptocurrency scammers who splurged after the million-dollar bitcoin heist

CFTC Asks Court to Dismiss CME's Lawsuit Against Kalshi Bitcoin Futures

Bitget Wallet Launches Assetback Rewards In Bitcoin And Tokenized Assets

Willy Woo Warns of Historic Decoupling of Bitcoin; Darkfost Disagrees

Changpeng Zhao Predicts Bitcoin Could Surpass Gold as a Reserve Asset

U.S. 10-Year Treasury Yield at 4.78%, Possibility of Re-entering 5% Mentioned

Sugar Surpasses Bitcoin, Gold, and US Stocks in 2026

Satoshi-Era Bitcoin Wallet Moves 600 BTC After 16 Years

Strive signals new Bitcoin buy as ASST hits yearly high

Yunfeng Financial Included in Stock Connect Programs, Accumulates Purchase of 10,000 ETH

Garrett Jin closes $170M BTC long, secures $1M profit

El Salvador Plans to Expand Its Bitcoin Reserve Between 2026 and 2027

DWF Labs: Recent BTC Rally Driven by Spot Demand









