Taproot Upgrade Might Already Be Priced Into Bitcoin

[Tanimariya]

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