SegWit activation for Bitcoin sees celebrations as Max Keiser raises his ‘interim’ forecast to $10,000 per coin.
Max Keiser has raised his Bitcoin price forecast to $10,000 as the cryptocurrency industry celebrates SegWit activation.
Joining figures such as Andreas Antonopoulos and Bobby Lee, Keiser, who is notoriously bullish on Bitcoin, said his “interim” price estimate had doubled from $5000.
Lee’s BTCC pool mined the first SegWit block for Bitcoin.
#Segwit activated. I’m raising my interim price target for #Bitcoin to $10,000.
— Max Keiser (@maxkeiser) August 24, 2017
#segwit activated!
Congratulations to all the devs who worked on this bitcoin upgrade!
— Andreas (@aantonop) August 24, 2017
We got it! First #SegWit Block, block number #481,824 mined by @YourBTCC Pool! ?
— Bobby Lee (@bobbyclee) August 24, 2017
SegWit activating Wednesday produced a brief moment of cross-community unity as Bitcoin users gathered to celebrate the technical milestone several years in the making.
On the markets, however, Bitcoin prices reacted only slightly, a surprise mover around the event being Litecoin, which itself triggered SegWit several months previously.
SegWit for Bitcoin comes as the debate continues to rage over the next significant event for the industry, which comes in the form of the SegWit2X hard fork in November.
From that date, three circulating ‘versions’ of Bitcoin will be available, with clear support for a specific chain as yet impossible to predict.
Forecasts from commentators vary widely, with Chain architect Oleg Andreev describing SegWit2X as one of a long line of “FUD projects” hampering the price performance of the original BTC chain.
SegWit2X would likely be the last of these projects, he said in a detailed Twitter discussion this week, whereafter prices should be set to increase.
