Expert: the collapse of bitcoin exchange rate due to its division into the two currencies will not be

© RIA Novosti / Vladimir Astapkovich in photobacteria coin cryptocurrency bitcoin Bitcoin MaRSe Center in Moscow. Archival photoExpert: the collapse of bitcoin exchange rate due to its division into the two currencies will not be© RIA Novosti / Vladimir Astapkovich the image Bank

Splitting bitcoin into two cryptocurrencies will not lead to a serious collapse in its exchange rate, said General Director of «Sberbank venture capital» Denis Cherkasov.

Bitcoin August 1, was divided into two currencies — Bitcoin (Original) Bitcoin and Cash due to the fact that the developers of cryptocurrency are unable to resolve the differences software. In the end, the size of the block containing information about past transactions has been increased to 8 megabytes with a 1 megabyte just for the new cryptocurrency called Bitcoin Cash. According to its developers, it will allow to increase network capacity, stimulating further growth. All owners automatically become bitcoin owners and Bitcoin Cash.

Against this background, the unit of Bitcoin (Original), according to the site over the past 24 hours fell by 3.2% to 2.7 thousand dollars. Bitcoin Cash, by contrast, actively becoming more expensive: as at 14.47 GMT, the daily growth amounted to 122%, and the cost of a unit of bitcoin has reached $ 626.

Do you have bitcoins?

  • Yes, learn new ways of savings
  • No, don’t trust bitcoin
  • What is it?
  • I have no savings


  • 6.6%

    Yes, learn new ways of savings

  • 39.5%

    No, don’t trust bitcoin

  • 24.7%

    What is it?

  • 29.2%

    I have no savings

All proygressive

«We believe that the separation of the Bitcoin currency will not adversely affect its value. In recent months, its exchange rate fluctuating significantly, but it is, in particular, was caused by expectations of the upcoming split. In the future, there are no prerequisites for serious collapse,» Cherkasov told RIA Novosti.

In the near future because of the hype around Bitcoin Cash will be difficult to form an objective picture of his future, he said. «If a new cryptocurrency will not only survive, but will also show good capitalization, investment attractiveness of Bitcoin and Bitcoin to Cash will increase. Success depends on who will use the new currency and what will be its price,» explained Cherkasov.

He noted that a parallel may exist hundreds of cryptocurrencies, but always the most prominent and stable of them will be about a dozen. So, now, according to experts, almost on a par with Bitcoin, called Ethereum, Litecoin, Ripple and other currencies.