The Daily Crypto EP09. BitCoin Cash Continues to Crash, Standing Up to The IRS, Crypto Mutual Funds.
This morning we are waking up to some AMAZING gains all over the crypto market...
Well...
except for one...
BitCoin Cash.....
The cryptocurrency that is the results of the recent Aug 1st hardfork has taken quite the beating in it's first couple of days with it's price and market cap falling over 50% since Tuesday. However the verdict is still out on what will transpire between the two camps. Both will still have to perform long term to see which the market will full accept. I wouldn't doubt that a complete flip flop could happen in the future if BitCoin Cash proves to be more valuable against it's older brother.
A libertarian organization is standing behind the crypto exchange CoinBases fight with the IRS.
The crypto Mutual Fund market is exploding due to phenomenal returns from the new asset class!!
It seems like everyday more and more is developing in this space. Be sure to stay tuned right here to keep your finger on the pulse of this incredible new technology!
Gary G.
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