FXstreet

Why has Bitcoin's latest fork failed to entice investors?

Bitcoin Gold, a fork of Bitcoin that aims to democratize mining, has thus far failed to win over investors, its futures dropping to an all-time low the day after its software client went live.

Futures for this altcoin, which is very similar to Bitcoin but allows a wider range of processors to be involved with mining, fell to as little as $218.34 today on CoinMarketCap, a more than 50% decline from the all-time high of $509.81 they reached on November 11.

At the time of report, Bitcoin Gold futures had recovered modestly, trading at $268.61, additional CoinMarketCap figures show.

more...