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Market
Market Reaction to BIP-420 by End of 2024
5
Resolution / Starting Odds
Significantly Positive • 33%
Neutral • 33%
Negative • 34%
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Story
Bitcoin's OP_CAT Assigned BIP-420, Enabling Covenants and Smart Contracts
Apr 23, 2024, 03:00 PM
The Bitcoin Improvement Proposal (BIP) system has officially assigned BIP number 420 to the OP_CAT proposal, marking a significant development in the Bitcoin community. Known as BIP-420, this proposal enables the implementation of covenants on Bitcoin, facilitating functionalities such as smart contracts, secure bridges, and other on-chain activities. This milestone was met with enthusiasm from the community, as it represents a historic advancement for Bitcoin's capabilities. Following this announcement, the price of Bitcoin experienced a notable increase.
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Significant Increase • 33%
No Change • 34%
Decrease • 33%
Significant Increase • 33%
No Change • 34%
Significant Decrease • 33%
Very Negative • 25%
Somewhat Negative • 25%
Neutral • 25%
Positive • 25%
Significant positive impact • 33%
No significant impact • 33%
Significant negative impact • 33%
Market value increases • 33%
Market value decreases • 33%
Market remains stable • 34%
Positive Market Reaction • 25%
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Highly Volatile Reaction • 25%
Trading volume increases • 33%
Trading volume remains stable • 33%
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Positive surge in market • 25%
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Short-term volatility • 25%
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Increase • 33%
Decrease • 33%
No significant change • 34%
Price increase • 33%
Price decrease • 33%
Price stability • 34%