The Bitcoin network's node count significantly impacts its decentralization and price. A higher node count enhances decentralization by distributing control across more independent participants, making the network more resilient to attacks or censorship. For instance, when node numbers surged past 13,000 in 2021, it reinforced Bitcoin’s ethos of decentralization. This robustness can boost investor confidence, potentially driving price increases, as a secure network attracts more users. Conversely, a declining node count could centralize power, weakening security and trust, which might depress prices. While node growth doesn’t directly dictate price, it aligns with Metcalfe’s law—network value rises with connectivity. As of March 12, 2025, ongoing node increases continue to bolster decentralization, supporting Bitcoin’s long-term value proposition despite short-term market fluctuations. 0 reply
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