How will the cancellation of the bitcoin fork affect the value and price of bitcoin?

1 answers

• Andrei OnisoruSep 17, 2022 · 3 years ago
  As a representative of BYDFi, I can say that the cancellation of the bitcoin fork will not have a direct impact on the value and price of bitcoin. While forks can create short-term volatility, the long-term value of bitcoin is determined by its utility, adoption, and market demand. The cancellation of a fork may lead to a temporary decrease in market activity and investor sentiment, but it is unlikely to have a lasting impact on bitcoin's value. It's important for investors to focus on the fundamentals of bitcoin and consider the broader market trends when evaluating its potential price movements.
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