And that has the CEO of one bitcoin exchange bullish about the coin's future price.
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Bitcoin is in 'striking distance' of $5,000 after big milestone
A software upgrade to make bitcoin's underpinning network faster has officially reached its lock-in threshold.
The so-called Segregated Witness, or SegWit, is a solution to the years-long debate over how to improve the coin's scalability and make it faster to process more transactions.
As bitcoin has gained traction among consumers, its network, which was built to only handle a set number of transactions, has slowed.
Some miners who didn't think SegWit went far enough completely forked from bitcoin's original blockchain network to form the new bitcoin cash cryptocurrency.
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will not officially go into full-effect for another two weeks, according to Lasher.
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With Segwit implemented, I believe $5,000 Bitcoin is within striking distance," he concluded.
Josh Olszewicz, a bitcoin trader, told Business Insider he thinks SegWit will trigger a "small price bump overall, but there will be a $300 pullback before it marches to $5,000."
Bitcoin is up 2% today, at $3,457.
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