Many cryptocurrency investors are rushing to move their money out of altcoins and into Bitcoin. This has been sparked by the continued bull run of Bitcoin to a price beyond $6,000, and the upcoming Bitcoin Gold and SegWit2x hard forks.
These hard forks will see Bitcoin holders rewarded with free cryptocurrency dividends, in the form of Bitcoin Gold and SegWit2x coins. Rewards for each fork will match the quantity of Bitcoin that an investor holds.
While some may move money back into altcoins once they have received their free coins, this remains to be seen. Where the price of Bitcoin lies when dividends are distributed, and the opening value of the free coins themselves, will certainly contribute to the decisions investors make in this regard.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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