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Bitcoin: Hashrate enters its first 'bear market' against AI

Bitcoin's network hashrate is experiencing its first 'bear market', according to Rapha Zagury of Twenty One Capital.

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The fact

This unprecedented situation was presented at the Bitcoin Asia 2026 conference in Hong Kong.

It differs from 2021, as artificial intelligence has not yet diverted as much computing power.

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Auto-synthesis from 1 media source · identified on September 2, 2026
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