Analyst: Bitcoin mining difficulty increase will push its price past $400,000

Wall Street analyst Max Keizer said that the increase in Bitcoin mining difficulty will cause its price to exceed $400,000. Earlier reports showed that according to BTC.com data, Bitcoin mining difficulty adjustment occurred at block height 822,528 (December 23, 2023, 14:04:24), with mining difficulty increasing by 6.98% to 72.01 T, setting a new historical high. Currently, the average network hash rate is 531.98 EH/s.