Good Morning Fellow Steemians,
Recently bitcoin has been in a continious bull run with some slight corrections here and there but can it add more value after the segwit implementation ?
What Is Segwit ?
To get a better and simple understanding of what bitcoin is about to implement :
A bitcoin transaction contains 3 items input_adresses, output_adresses and signature_data and what segwit is intends to do is to seperate (segregate) the processing of signature_data from the inputs and outputs of the transaction and therefore a bitcoin block would process more transactions without even increasing the blocksize and if the blocksize increases then i think bitcoin can scale up to 10 times better than now.
Bitcoin Following Litecoin Post Segwit Experience
Earlier this year and before even litecoin implemented segwit you could have got litecoin tokens for $4 and after a long struggle and time implementing segwit the litecoin price sits @ around $40, can bitcoin do the same ?
In my opinion i think bitcoin can definetly do a 10x price increase because if you look back it has been increasing in price without any improvements (technically speaking) !!!
Besides since all this scaling issues have started people have been hedging towards popular altcoins(eth, dash , ltc...) and this affects the bitcoin price where Alistair Milne a popular investor and entrepreneur tweeted :
So if these scaling issues get solved and segwit implements successfully hopefully people will have their faith back in bitcoin and start investing back in it rather than investing in altcoins.
Thank You Guys For Reading I Hope This Post Was Informative For You, Resteem It To Let Your Followers Know That The Future Of Bitcoin Is Bright :)