Absolutely, there is a nice in built feedback loop as well.
Bitcoin increases in value which makes it more desirable, which drives miners to mine more, which increases the security of the network ( harder to attack ).
This drives the value of Bitcoin higher, repeat.
Anyone can have a blockchain, having a secure blockchain is not so easy. Miners secure the network and their reward is Bitcoin.
Bitcoin increases in value which makes it more desirable, which drives miners to mine more, which increases the security of the network ( harder to attack ).
This drives the value of Bitcoin higher, repeat.
Anyone can have a blockchain, having a secure blockchain is not so easy. Miners secure the network and their reward is Bitcoin.