47 sats \ 0 replies \ @suidoc 13 Nov 2022 \ on: AskSN: Why is network hashrate at ATH while we are at the bottom in price? bitcoin
Probably because investments has been done prior to the crash and investors in this space knows the true value of Bitcoin and understands that this price of bitcoin is just temporary.
That said, a lot of miners are mining at a loss right now. So depends on how deep the pockets of these miners are before they will be shutting down and wait for better times.