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The Bitcoin network's node count significantly impacts its decentralization and price. A higher node count, like the peak of 13,374 in July 2021, enhances decentralization by distributing control across more independent operators, making the network more resilient to attacks and censorship. This strengthens trust in Bitcoin’s scarcity, potentially driving its price upward as investor confidence grows. Conversely, a declining node count could centralize power, weakening security and lowering price due to reduced faith in its robustness. Historical data shows node growth often aligns with price surges, reflecting network strength. However, correlation isn’t causation—other factors like market sentiment also play a role. As of March 12, 2025, continuous node monitoring remains key to understanding Bitcoin’s decentralization and its price dynamics.
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