Is The Bitcoin Price Spike Here To Stay Or is The Fork Pumping It Up?

Bitcoin is climbing its way up in value in a way we’ve never seen. On Monday the price of a Bitcoin was only $6100 per coin but today the price is over $7000.

Why is this happening you may ask? I believe it’s a mix up hype for B2x and all the publicity that Bitcoin is gettin for the media. All of the price jumps in the last year have gotten the attention of several news outlets allowing people that have never heard of Bitcoin to startin looking into the profitability of it. As it becomes more and more mainstream the price will continue to rise making Bitcoin an extremely valuable asset to hold onto. Also with more people fininding out about Bitcoin they are learning about the splits in the Bitcoin Blockchain and seeing that they can get free money buy just holding onto the what they already have and buying more to get more out of each hard fork.

Why is the B2x fork so important? B2x is expanding each of its blocks to make more room for faster and cheaper transaction. This fork is also being supported by nearly every exchange and wallet inclouding Coinbase. Many of these exchanges have already came out and said that if B2x takes over the market they will change its listing to BTC and change Bitcoin to Bitcoin Core. It’s already being valued at 1237.57 according to coin market cap making it the most profitable fork to date. That makes it a major contender for the original Bitcoin straight out of the gate.

Leave a comment telling me if you think the price of Bitcoin will be able to hold after the fork and if you believe B2x is the future of Bitcoin or a passing fad.

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