Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Tanimariya on November 03, 2021, 03:47:36 PM
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Scheduled for Nov. 16, the upgrade has highlighted some investors’ skepticism of the Bitcoin network’s ability to adapt and expand. The last time the Bitcoin network locked in a major upgrade, in July 2017, the bitcoin cryptocurrency’s price jumped almost 50% through Aug. 23, when the changes went live.
Now, as the original blockchain network prepares for its next big upgrade in November, known as Taproot, few investors are expecting a price reaction anywhere near that scale. BTC’s price has already doubled this year and hit a new all-time high near $67,000 last week. While further gains are possible, Taproot alone likely won’t be the catalyst. Source
(https://www.coindesk.com/markets/2021/10/26/taproot-bitcoins-next-big-upgrade-might-already-be-priced-in/)