Bitcoin’s discount to hash rate highest since early 2020 — Mike McGlone By Cointelegraph

Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s (BTC) relative low cost to its excessive hash price in October — the biggest because the first quarter of 2020 — might quickly see return to “its propensity to outperform most property.”

In an Oct. 19 Twitter submit, the Bloomberg analyst recommended that Bitcoin’s ever-increasing hash price — a measure of the processing energy and safety of a blockchain — relative to its value factors “to threat/reward leaning favorably.”