Nasdaq "would consider becoming a crypto exchange over time and that "digital currencies will continue to persist.". Does Bitcoin Cash fix these problems? The demand for other liquid assets and "alternative technologies for making payments as the Chicago Fed puts it, is therefore surging, and I expect digital currencies such as bitcoin and Ethereum to fill that need. Many users, merchants, businesses and investors abandoned Bitcoin. Many miners and users trusted these developers, while others recognized that they were leading the community down a different road than expected. The world's largest cryptocurrency neared 10,000 last week, meeting strong 200-day moving average resistance of around 9,800. Maybe Tim Draper is onto something! Bloomberg reports that successful venture capital firm Venrock Associates is ready to start speculating in the space.
Bitcoin, cash, frequently Asked Questions (FAQ) : Bitcoincash
These two very different visions for Bitcoin are largely incompatible, which led to the community divide. Clearly, an increasing number of big investors see cryptocurrencies as an opportunity too good to pass. Currency in circulation stands.59 trillion. This decentralization of development (and decentralization of software implementations) is a much needed and important step forward. Such rules might even spur some investors, who until now have been watching from the sidelines, to participate. India did the same with its 500 and 1,000 rupee notes to combat corruption. Anyone who held Bitcoin at the time Bitcoin Cash was created became owners of Bitcoin Cash. As I see it, these are huge steps for the crypto market to take on its path to full maturation and acceptance as an asset class. At a recent Intelligence Squared debate in New York, Draper made the bold claim that bitcoin is bigger than those three ventures combined. Bitcoin Cash brings sound money to the world.