Will Bitcoin soar in the next couple weeks? Here's why

I'm considering people of Steem are pretty familiar with Bitcoin and its scaling issues. This is growing pains.

Bitcoin is a victim of its own success. Increased volume has overwhelmed the network and slowed down transactions.

But that's about to change August 1st.
A new solution could quadruple the number of transactions they can handle.

Long story short:

There are 2 development teams working on solutions to Bitcoins scaling problem. So far, there has been a lot of curveballs thrown, a lot of uncertainty in the community about whether they can come to an agreement, and how to best scale the network. This ultimately leads to the blockchain hard fork debate that has everyone nervously participating and/or sidelined. The volatile markets and the entire crypto market cap have reflected this for months.

Currently, it comes down to 2 separate platform solutions for BTC:

Bitcoin Improvement Proposal (BIP 148)
vs.
SegWit2x (Segregated Witness)

SegWit2x so far has gained the upper hand with approximately 80% of the "miners" ( the folks who provide the hardware that Bitcoin runs on), are signaling their support for the SegWit2x code. And if all goes well, this code change will lock in August 1st. If that happens, Bitcoin will reportedly, be able to handle 12-28 transactions per second. That's a four-fold increase. Even better, SegWit2x paves the way for Bitcoin to add scaling technologies to allow for hundreds of thousands of transactions per second. That would be on par with Visa.

Assuming SegWit2x solution is successful, some are already stating they believe Bitcoins adoption could explode the way the Internet(s) mainstream adoption did with the introduction of broadband cable.

If you see the uncertainty removed with the code change, the potential to see a massive wall of money flood into Bitcoin is a certainty. We could be witnessing the very beginnings of Bitcoins mass adoption cycle, and a Bitcoin price of $3500-5000 by the end of 2017 is not out of the question. This would, no doubt, rise the tide and float the crypto equities market right along with it.

This might be your last chance to buy a bitcoin for under $3000.

Most people are using a wait and see approach after August 1st.

But alot of the smart money is picking up bargains, acting now.......before Aug 1st.