In a 14 January tweet, hedge fund manager Ari Paul predicted more than 10% of the current value of Bitcoin and Bitcoin Cash will reside in new offshoots. “Bitcoin forks are kind of the new alt coin,” Rhett Creighton, who’s working on the upcoming Bitcoin Private fork, said in a phone interview. And they are going to start replacing some of the top hundred alt coins.” Bitcoin Private promises to offer more privacy features than the original Bitcoin. But while Dogecoin now has a $744 million market value, younger clones Bitcoin Cash and Bitcoin Gold already dwarf it. “Bitcoin Cash was successful, quite a lot of momentum,” Charlie Hayter, CEO of coin researcher CryptoCompare, said in a phone interview.

Source: Mint January 24, 2018 06:45 UTC