Bitcoin Cash and Bitcoin at Cross Purposes?

Yes , it's possible the two digital currencies may impede each other's price gains.

A recent article in the MIT Technology Review suggests that "under certain circumstances bitcoin cash can put a serious dent in bitcoin's value."

It's difficult to say whether the recent downturn in bitcoin's price was correlated with the surge in bitcoin cash value. Nonetheless, it is a distinct possibility that investors moved toward the newer iteration of the leading cryptocurrency in response to the news of the hard fork's cancellation. If so, and if bitcoin cash and bitcoin are competing for the same pool of investor assets, it's possible the two digital currencies may impede each other's price gains.

There has already been substantial talk in the cryptocurrency space of a future when another digital currency (like ethereum, for example) may permanently take over the largest portion of market capitalization from bitcoin. This has not occurred yet, but it could be hastened if bitcoin cash and potential future hard fork-generated bitcoin spinoffs chip away at the original currency's investor interest.

Please Upvote post,Comment,Follow me @smarifulislam