Bitcoin Value of $40k & Upgrade Attracting Bullish Sentiment

Posted by Adegbotolu Kehinde Erastus -
Scope Markets

Bitcoin value hit $40k, and it just got approval for a makeover, making it sizzling hot right now. This makeover which is an upgrade, is called Taproot.

So how will Taproot upgrade affect Bitcoin?

  • The upgrade will increase transaction privacy and efficiency
  • Reduced cost of transaction fees
  • Implementation of Schnorr signature will see multiple complex bitcoin transactions produced under a unique signature

The Taproot upgrade will take effect in November, and just like a beautiful bride waiting to be unveiled, Bitcoin has started getting some attention already from Jack Dorsey (CEO Twitter), Elon Musk (Doge father) and Paul Tudor Jones (Hedge Fund Manager). Now, that’s some serious attention there, and Bitcoin just broke the $40k price level for the first time in June.

So what are you waiting for, aren’t you attracted? Bitcoin could become pricey very fast.

Bitcoin value & charts

Bitcoin value daily chart June 15,2021 Scope Markets
Bitcoin daily chart
Share this article:

Disclaimer: The article above does not represent investment advice or an investment proposal and should not be acknowledged as so. The information beforehand does not constitute an encouragement to trade, and it does not warrant or foretell the future performance of the markets. The investor remains singly responsible for the risk of their conclusions. The analysis and remark displayed do not involve any consideration of your particular investment goals, economic situations, or requirements.

Funding Methods

Scope Markets
Scope Markets
Scope Markets
Scope Markets
Scope Markets
Scope Markets
Scope Markets
Scope Markets

Awards

Scope Markets
Scope Markets
Scope Markets
Scope Markets

Scope Markets offers institutional and retail trading services to businesses and traders worldwide. Our top management team has more than 20 years of experience in the industry, and we are proud of the solid partnerships we build over the years. Whether it's a business or individual, Scope Markets has a wide range of trading solutions that are compliant, flexible, cost-efficient, innovative, and place the client first.

Contact Us

Registered address:
5 Cork Street, Belize City, Belize C.A.

Email:
customerservice@scopemarkets.com

Tel:
+44 2030 516959

Risk Disclaimer

Please note that forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors. Trading in financial instruments may result in losses as well as profits and your losses can be greater than your initial invested capital. Before undertaking any such transactions, you should ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.

Legal Information

Scope Markets Ltd is a company registered under Belize with Registration Number 145,138. Scope Markets Ltd is authorized and regulated by the International Financial Services Commission of Belize (“IFSC”) under the license numbers 000274/222 and 000274/221. The registered address of Scope Markets Ltd is, 5 Cork Street, 1708 Belize City, Belize.

Restricted Regions

Scope Markets does not offer its services to the residents of certain jurisdictions such as EU Member States, Iceland, Norway, Liechtenstein, Afghanistan, Cote d'Ivoire, Cuba, Iran, Libya, Myanmar, North Korea, Sudan, Puerto Rico, USA, Syria, and Ecuador. Please check Restricted Countries.

This website uses cookies to provide you with the very best experience and to know you better. By visiting our website with your browser set to allow cookies, you consent to our use of cookies as described in our Privacy Policy.

© Copyright 2020 Scope Markets. All Rights Reserved.