Yes, there is a correlation between Bitcoin—and crypto assets in general—and hash rate. It’s more like the cause-effect scenario, a chicken and an egg comparison. Which came first? Well, we know the difficulty of the network begun at one and after the mining of the genesis block, the first 50 BTCs were released and a sent to Hal Finney, one of the first adopters of the revolutionary technology.
2/ When the Bitcoin network launched in 2009, very few people understood its significance. Today, ten years later, Bitcoin's market capitalization stands at over 100 billion dollars.The great Hal Finney RIP, the first person to receive bitcoins from Satoshi, grokked its import: pic.twitter.com/THzqOohCzs