Topic: [2017-07-21]Max Keiser Certain Bitcoin Price Hits $5,000 as Segwit Nears, Alread (Read 4787 times)

Kprawn

legendary

Activity: 1904

Merit: 1073

This is the most important piece of the puzzle that needs to happen, before we can even think of a $5000 Bitcoin price :

" ......the lock-in of BIP 91 does not necessarily mean a guaranteed activation of SegWit. On top of maintaining majority hash

rate support for BIP 91, miners also have to signal Bit 1 in their blocks to activate SegWit. " Yes, we have shown that the

miners can agree on something, but that is just the first step... Angry

TravelMug

hero member

Activity: 2632

Merit: 833

Max Keiser Certain Bitcoin Price Hits $5,000 as Segwit Nears, Already $2,750

With the activation of the Bitcoin Core development team’s transaction malleability fix Segregated Witness (SegWit) in sight, Max Keiser, host of RT’s Keiser Report, predicts Bitcoin price will hit $5,000.

On July 16, the activation threshold of BIP 91 was met and five days later, BIP was fully locked in by miners. Bitcoin Improvement Proposal BIP 91 is a solution that was endorsed by the mining community to avoid a chain split and the creation of a secondary Bitcoin.

Prior to the lock-in of BIP 91, Bitcoin price recovered from $1,850 to $2,300, as the 80 percent hash rate activation threshold was met. When BIP 91 was fully locked in on July 21, Bitcoin price surged from $2,300 to $2,750, recording a staggering $910 increase within a five-day period.

https://cointelegraph.com/news/max-keiser-certain-bitcoin-price-hits-5000-as-segwit-nears-already-2750

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