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The Investor’s Perspective on the Bitcoin Taproot Upgrade

Jun 25, 2021 at 7:35 p.m. UTC
Updated Aug 26, 2021 at 2:44 a.m. UTC

In June, Bitcoin miners signaled support for Taproot, a bundle of three upgrades to Bitcoin aimed at improving network security, privacy and scalability. This CoinDesk Research report looks into the merits of the upgrade from the investor’s perspective, outlines some potential drawbacks and issues a reminder that Bitcoin is an investment in technology.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

George Kaloudis is a research associate for CoinDesk.

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