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Cryptocurrency trader Tyler Swope says that the latest Bitcoin upgrade could be the fuel that BTC needs to send the leading digital asset to new all-time highs. In a new strategy session, the host of Chico Crypto says that Taproot, the soft fork that aims to enhance Bitcoin’s privacy measures and smart contract flexibility, might be some of “the best news ever” for BTC.
“This is great for Bitcoin. I mean, it’s some of the best news ever because Bitcoin is about to get privacy and it’s about to get some more complex smart contracts that can make it do a lot more things. There’s going to be a big conversation coming on.”
In other trending Bitcoin News today: Bitcoin price bottom is in, says Fidelity executive Jurrien Timmer as crypto market exits ‘extreme fear’ as the BTC price action stays above $40,000. “In my view, it looks like the bottom is in.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/following-massive-btc-purchase-announcement-microstrategy-says-it-may-sell-up-to-1b-in-stock
https://cointelegraph.com/news/within-five-years-us-hedge-funds-expect-to-hold-10-6-of-assets-in-crypto
https://cointelegraph.com/news/bitcoin-price-bottom-is-in-says-fidelity-exec-as-crypto-market-exits-extreme-fear
https://cointelegraph.com/news/a-bitcoin-indicator-with-a-perfect-history-just-told-you-to-buy-the-dip
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