I feel like we've got an opportunity for Bitcoin to go through the roof and break it's $3,000 top once and for all.
The Bitcoin blockchain will experience a hard fork on August 1st resulting the creation of a new coin called "Bitcoin Cash". The update is suppose to fix many of the flaws in Bitcoin and establish a centralized team to work on the new platform.
Essentially this duplicates the current blockchain and everyone who owns Bitcoin will now also own Bitcoin Cash. The value of each as we know is set by the market and the laws of supply and demand. Will Bitcoin Cash have a demand? Bitcoins value hasn't seen much drop in the news of the split, it's the day before the chain split and it's still trading at a high $2,700. I suspect it will dip after August first for a while but I am certain by the end of the year there will be a bounce back and we'll see Bitcoin continue it's longterm growth trend.
The Bitcoin blockchain will experience a hard fork on August 1st resulting the creation of a new coin called "Bitcoin Cash". The update is suppose to fix many of the flaws in Bitcoin and establish a centralized team to work on the new platform.
Essentially this duplicates the current blockchain and everyone who owns Bitcoin will now also own Bitcoin Cash. The value of each as we know is set by the market and the laws of supply and demand. Will Bitcoin Cash have a demand? Bitcoins value hasn't seen much drop in the news of the split, it's the day before the chain split and it's still trading at a high $2,700. I suspect it will dip after August first for a while but I am certain by the end of the year there will be a bounce back and we'll see Bitcoin continue it's longterm growth trend.