Could Investors Be Buying The Wrong Bitcoin? BTG soars
This could be speculation but there's reason to think investors could intend buying BTC and end up buying BTG probably targeting a cheaper BTC.
For a coin that was in the $30 region two weeks ago now trading at $105 seeing a 250% rise in two weeks suggests the wrong BTC is being bought especially being a Hard Fork of Bitcoin.
As Cointelegraph reported on Tuesday, a new Bitcoin fund from Brazillian investment bank BTG Pactual moved a step closer to launching this week after teaming up with the Winklevoss twins’ Gemini exchange for custody management.
After the Gemini news broke, Bitcoin Gold saw a flurry of demand which at the time of writing shows no sign of abating. This, reactions argued, showed that the cryptocurrency industry was still very much in its nascent phase. Source
So could the BTG Pactual fund be the reason why investors are grabbing bags of BTG? Mostly likely.
Very strange how the crypto market works, you could be seating some long forgotten coins and of a sudden it surges to unbelievable heights.
There's a cheaper Bitcoin out there and it's called Bitcoin Gold the risk here is you might be buying the top.
We owe it to ourselves to make Hive great
Image by @doze
Posted Using LeoFinance Beta
