Happy Wednesday. Bitcoin Cash, the cryptocurrency network that spun off from Bitcoin last year, plans to upgrade its software this week, but as is the norm in crypto, the proposal to improve Bitcoin Cash has been met with an equal and opposite reaction. Disagreements within the technical community about how many transactions miners should process in each block mean that Bitcoin Cash, the fourth most valuable cryptocurrency, will now itself split into two networks: Bitcoin ABC and Bitcoin SV (“Satoshi’s Vision”… it’s a long story).
Below, we have some predictions from crypto trading firm Cumberland on what could happen once Bitcoin Cash splits, plus an analysis of Apple’s relationship to crypto. And please let me know if you will be at Consensus: Invest on Nov. 27; I would love to meet readers who will be attending.