There is a lot of volatility in cryptocurrencies in recent weeks. Also Ethereum’s price is impacted mainly because of the Bitcoin fork, an event that is watched closely by insiders, enthusiasts and investors around the globe.
Some call it the end of Bitcoin, others say that this is an opportunity to make Bitcoin better.
But what is that Bitcoin fork and what should investors know about this given, at its core, it is a highly technological and complex matter? InvestingHaven’s team wrote this article, especially for its readers, with a summary of what investors need to know about the upcoming Bitcoin fork:
- What is Bitcoin’s fork (linked to it, SegWit)?
- What is Bitcoin’s problem that should be solved?
- Which are the technological solutions?
- What’s next from here?
- What you can do?
It is important to have a basic understanding of Bitcoin’s fork because it could impact not only Ethereum but also all other cryptocurrencies.
Note that, earlier today, there was a signal of a Bitcoin chain split which sent Bitcoin’s price sharply lower. Expect continued volatility in the coming weeks in crypto market, maybe even longer until late this year.
Long term, we remain very bullish on cryptocurrencies and Ethereum in particular.