From Investing.com:

In a significant development for the cryptocurrency market, Yassine Elmandjra, Director of Digital Assets at ARK Invest, revealed that Bitcoin’s hash rate has reached a milestone of 500 exahashes per second, an all-time high for the digital currency.

To illustrate the significance of this achievement, Elmandjra compared the Bitcoin network’s processing power to the number of computations per second for each star in our galaxy and the entire global population contributing one hash per second. Bitcoin surpasses the world’s most powerful supercomputer by a factor of 500 in raw operations per second.

Elon Musk, a prominent advocate for cryptocurrencies, expressed his reaction to the news with a succinct yet powerful message. Musk’s enthusiasm for digital assets is well documented, with Tesla maintaining a significant balance of 10,725 BTC.

Musk’s past nod to Bitcoin and recent participation in Bitcoin ETF discussions underscore his continued interest in the crypto space. Notably, Musk entertained the idea of using BTC on Mars, asserting its feasibility despite the logistical challenges posed by the planet’s distance from the sun.

As Bitcoin achieves new heights, Musk’s reaction underscores the growing significance of digital assets in mainstream finance.



Read more: Elon Musk Surprisingly Reacts to Bitcoin’s Epic Surge By U.Today