Bitcoin is looking increasingly likely to split again in November [Video]

Kiana Danial, CFP Invest Diva

Volatility seems to have slowed down across the main cryptocurrencies after last week’s series of negative coverage. BTC/JPY continues its consolidation above the daily Ichimoku cloud after it recovered last week’s massive drops. Bitcoin is looking increasingly likely to split again in November, creating a third version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale its rapidly growing marketplace. Major industry players, including the bitcoin investor Roger Ver known as “Bitcoin Jesus”, say consensus between opposing camps looked increasingly unlikely. That opinion was echoed by some of the biggest mining pool operators and also programmers -- known as “Core” developers -- who were instrumental in developing the infrastructure of the original bitcoin network. With that, we could expect another set of volatility in the currency. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.

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Kiana Danial, CFP

Invest Diva

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

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