BlockBeats News, February 13 — Senior analysts James Van Straten from Bullish and CoinDesk commented on the BIP-360 proposal, stating that after Bitcoin’s price reached $60,000, the entire industry has finally begun to take this threat seriously, which is a reassuring development.
Straten mentioned that once consensus is reached, the market could see a dramatic 50-100% revaluation within a few weeks. However, he also expressed concerns about the disposal of Bitcoin held by Satoshi Nakamoto and other long-dormant Bitcoins.
Earlier reports indicate that Bitcoin Improvement Proposal 360 (BIP-360) has been added to the official code repository. The proposal introduces the Pay-to-Merkle-Root (P2MR) output type, aimed at enhancing Bitcoin’s defenses against quantum computing threats through a soft fork.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A newly created address withdrew 2,650 BTC from a certain CEX, worth about $180 million
Gate News reports that on March 27, according to Lookonchain monitoring, a newly created address starting with bc1qws has just withdrawn 2,650 BTC from a certain exchange, worth approximately 180 million dollars.
GateNews3m ago
Strategy shifts to preferred stock financing: STRC is being frantically bought up by retail investors, MSTR has fallen over 12% this year.
The company is accelerating its capital structure transformation, and the Series A floating rate perpetual preferred stock STRC has become a hotspot for retail funds. STRC offers a higher dividend yield, attracting individual investors, while the company plans to raise $21 billion through the issuance of STRC. Despite the poor performance of common stock MSTR, the development of STRC provides new opportunities for investors with different risk tolerances.
GateNews4m ago
Bitcoin ETF saw a single-day outflow of $171 million, the highest in three weeks; the situation in the Middle East has become a key variable for institutional positioning
Due to the tense situation in the Middle East, there has been an outflow of funds from the U.S. spot Bitcoin ETF, with a net outflow of $171 million on Thursday, marking the largest redemption since March. At the same time, the price of Bitcoin has fallen below $70,000, and market risk aversion has increased. Although there is short-term pressure, there is still hope for long-term capital inflows. Analysts believe that future trends will be influenced by geopolitical factors.
GateNews5m ago
BTC dropped below 68000 USDT
Gate News bot message, Gate market shows, BTC has fallen below 68000 USDT, current price 67807.7 USDT.
CryptoRadar7m ago
