Crypto Crunch Not Influenced Long-Term by Bitcoin Cash (BCH) “Fork Wars,” Says eToro Senior Market Analyst

It’s been a rough few days for Bitcoin, with prices falling at a rate that hasn’t been observed for several months. The shock was amplified because before the fall, the coin had been experiencing one of the longest and most pronounced periods of stability in its history.

Although many fingers are pointed at the Bitcoin Cash hard fork for this mess, it’s probably not as much a chaotic “end of the world” scenario as it may seem. At least this is what Mati Greenspan, senior market analyst at eToro, appears to believe when he compares the Bitcoin Cash hard fork with the OPEC crisis in the 1970s.

“Despite what many are claiming, my view is that current news events are …

This article appeared first on Cryptovest

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