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Bitcoin Forks Outperform Bitcoin In 2020
Summary: Bitcoin's forks outperform BTC, but they will likely be used primarily as speculation tools, Kevin Kelly, former equity analyst at Bloomberg and co-founder of digital asset research firm Delphi Digital, told Coindesk. The three largest Bitcoin forks by market cap are Bitcoin cash, Bitcoin sv and Bitcoin gold, according to Messari data. Trading View data shows ...
Bitcoin's forks outperform BTC, but they will likely be used primarily as speculation tools, Kevin Kelly, former equity analyst at Bloomberg and co-founder of digital asset research firm Delphi Digital, told Coindesk.
The three largest Bitcoin forks by market cap are Bitcoin cash, Bitcoin sv and Bitcoin gold, according to Messari data.
Trading View data shows that on an equal-weighted index, the four currencies return 14 times more than only Bitcoin for the year-to-date.
However, only Binance and Bitfinex support markets for all three Bitcoin forks. Kelly noted that long-term value proposition and liquidity potential for Bitcoin forks does not compare to Bitcoin.
By Emily Mason
