Bitcoin hits latest all-time high as multiple factors drive gains
China’s Supposed ‘Bitcoin Ban’ Fails To Crash Market As Twitter Adds Crypto Payments In Historic First
Other analysts also spoke to the Taproot upgrade, with Armando Aguilar, vice president of Digital Assets Strategy for“Taproot will give greater transaction privacy as well as efficiency,” he stated.“Investors have become bullish on the latest upgrade, pushing the digital asset to new ATH in addition to macroeconomic factors,” said Aguilar.“The Taproot upgrade will have a substantial impact on the future growth and usage of Bitcoin and will increase the adoption rate dramatically,” he stated.
“While the Taproot upgrade marks a major shift in how the Bitcoin network will operate, especially in terms of transaction fees and smart contracts integration, the main forceful driver of the current run is a whole different fundamental.” “Investors are exploring the options that cryptocurrencies, particularly Bitcoin, provide as a viable hedge against inflation,” he stated.
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