Why Bitcoin is surging again, in plain English
The price of Bitcoin surged more than 17% in the last 24 hours and now sits at $2744, not too far from its June all-time-high of about $3,000.
Here’s what’s happening: Bitcoin is being updated. The update has the chance of causing a serious rift that threatens some of the best things about Bitcoin, including how easy it is to use. It’s a complicated process, but things are looking good right now for that rift not actually happening. But we’re not out of the woods yet.
The story of how all this is unfolding is a complex one, and if you tried to read any of the explainers about what's happening —and there's a couple of great ones —you probably still didn't understand a thing. The terminology is obscure, the dates constantly shift, and there's a a lot of uncertainty about the entire process. Read more...
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