Bitcoin cash came out of left field, according to Charles Morris, a chief investment officer of NextBlock Global, an investment firm with digital assets. To be sure, only a minority of bitcoin miners and bitcoin exchanges have said they will support the new currency. Investors who have their bitcoin on exchanges or wallets that support the new currency will soon see their holdings double, with one unit in bitcoin cash added for every bitcoin.
But that doesn't mean the value of investors' holdings will double.
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Because bitcoin cash initially drew its value from bitcoin's market cap, it caused bitcoin's value to drop by an amount proportional to its adoption on launch. No one truly knows. Add to watchlist.
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Why bother using it? But while fraudulent credit-card purchases are reversible, bitcoin transactions are not. The future of bitcoin Historically, the currency has been extremely volatile. The fork One of the biggest moments for Bitcoin came in August Kitco Gold Index. Search Stocks. About Kitco News. Search News. Mining Mining News. Kitco Gibson Capital.
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