BIP91 on August 1 Bitcoin infrastructure change locked. Max Keiser predicts that the Bitcoin price will reach $5,000 after SegWit’s approved BIP91 solution proposal.
BIP91’s activation percentage threshold was exceeded on July 16 and locked by miners on July 21.. BIP91 has also been adopted by miners as it is a protocol developed as a solution to the months-long Bitcoin split discussions. jumped to $!. With the full confirmation of BIP91 on July 21, Bitcoin price jumped from $2,300 to over $2,800.. This increase of nearly $1,000 in five days is Bitcoin’s all-time record on a weekly basis.
Bitcoin price drops to $5,000 does it go?
Max Keiser previously announced that Bitcoin could see $5,000 as its upward momentum continues for a long time.. But as the split debate dragged on, some investors began to lose confidence in Bitcoin’s scalability.. As support for BIP 91 grows and SegWit becomes more likely to be enabled, Keizer explained that the $5,000 price target also becomes more likely.
Max Keiser;
”As Sathosi’s genius continues to infect millions of people, my prediction that Bitcoin will exceed $5,000 is still valid in the short term”
With a different view
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However, as Bitcoin journalist Aaron Van Wirdum has emphasized, locking BIP 91 does not necessarily mean a guaranteed activation of SegWit. Beyond maintaining majority hash rate support for BIP 91, miners have to signal Bit 1 on their blocks to enable SegWit.
The community has Bit 1 signal on the blocks of Antpool, the largest mining pool operated by Bitmain. has been more optimistic about enabling SegWit after the launch.
Bitcoin Core developer Peter Todd has a similar opinion;
“The majority of miners are renegotiating BIP-91 may do so, may not enable SegWit, and get away with no long-term results, because the BIP-91 invalid blocks it generates are considered perfectly valid by the vast majority of users.”
Source: cointelegraff
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