It is evident the Bitcoin price will continue to struggle for some time to come. As a result, virtually every other cryptocurrency and asset is surging in value. The Bitcoin Gold futures have noted a 142% gain over the past 24 hours. That in itself is pretty remarkable considering the currency still hasn’t been released. It will be interesting to see how these futures affect the actual BTG price starting tomorrow.
A futures market is never a validation of the future price of anything. Especially in the Bitcoin world, futures prices and market values are often very different. This is not a big surprise by any means, as futures are incredibly speculative. People are making some good money with the Bitcoin Gold futures right now, though. Early believers have made a nice 142% profit over the past 24 hours alone.
Bitcoin Gold Will Shake Things up yet Again
This value of $450 per BTG is pretty spectacular, to say the least. It is unclear if this altcoin is even worth that much. Just because it has the Bitcoin name doesn’t mean it will astonish a lot of people. Then again, people are looking for alternatives that aren’t Bitcoin first and foremost. More specifically, there is a major grudge against Bitcoin Core. A lot of people aren’t too happy with SegWit either. More specifically, the lack of adoption of this scaling solution. They should lame service providers for that rather than developers, though…