BIP 91 Lockin Leads Bitcoin Higher Despite Weekend Worries.
A little volatility can be good.
The recent lockin of the BIP 91 upgrade to the Bitcoin Blockchain has excited large numbers of otherwise nervous investors.
Miners were signaling 97 percent of as Friday, effectively locking in the BIP 91 solution, as well as Segregated Witness (SegWit).
The news sent Bitcoin price soaring.
Within 24 hours, the price had increased by nearly 40 percent on the week, with the good news signaling to investors that Bitcoin would continue to maintain its otherwise foolproof tech stability.
Other cryptocurrencies also took a hit, with Ethereum (ETH) and Litecoin (LTC) both having a rough week in terms of value.
However, some have continued to offer potential pitfalls, saying that there are still a number of hurdles to be jumped in order for the solution to be implemented.
As the weekend continues and the rally keeps its footing, the naysayers are likely to start dropping away. The value at press time is $2,791, nearly at its end of week peak of $2,813.
Investors should begin rejoining the bullish run-up, as the potential for infighting decreases and stability continues to mature.
I see Rothschild getting on BTC for 210k so interesting times ahead!
Source: Jon Buck - Coin Telegraph
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