Analysis: The continuous expansion of the Bitcoin network and the increase in demand will support the rise in Bitcoin prices.

According to news from CoinWorld, on May 13, Matrixport released a chart showing that the security of the Bitcoin network is increasingly enhanced, primarily due to the rise in Computing Power and the accumulation of Bitcoin by enterprises. As competition among Miners intensifies, the Bitcoin's Computing Power continues to rise, with annual capital expenditures expected to reach $10 to $12 billion. This competition not only strengthens network security but also promotes diversified development. Historical data shows that an increase in mining capital expenditures is usually associated with a rise in Bitcoin prices. On the other hand, corporate buyers like MicroStrategy are acquiring and holding Bitcoin, effectively reducing the circulating supply. This dynamic suggests that the price of Bitcoin may need to rise until the Computing Power reaches a peak, which has yet to occur. Overall, these factors indicate that the Bitcoin network is continuously expanding, and the demand is also increasing, both of which ultimately support the rise in Bitcoin prices.