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Bitcoin is embroiled in a civil war — here’s one way it can unfold

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A civil war is taking place in the world of bitcoin, putting the future of the red-hot cryptocurrency in question.

Bitcoin is up over 250% since last year, but in the past few months its price has experienced big swings.

Arthur Hayes, CEO of BitMex, a bitcoin derivative exchange, told Business Insider he thinks recent volatility in bitcoin’s price reflects the uncertainty surrounding the outcome of this war, which will be decided August 1 when crypto-power brokers determine how the tech that powers the currency will be structured.

A bitcoin civil war

The ongoing bitcoin battle is connected to the cryptocurrency’s read more >>>

Source:: BusinessInsider.Com

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