MELBOURNE, Australia, Nov. 25, 2017 /PRNewswire/ -- The world eagerly anticipated SegWit2x in early November this year, a "hard fork" in the Bitcoin blockchain that promised to improve the general usability of its technology, however, it seemed to have failed miserably.

The SegWit2x hard fork project is a New York Agreement that was signed earlier this year by multiple companies and miners to create a Bitcoin spinoff similar to what happened with Bitcoin Cash.

When a coin experiences a hard fork, two different coins, ledgers and sets of code originating from the same platform and blockchain are produced. The new coin is then given to the digital wallet holding the base cryptocurrency, benefitting coin holders for free.

SegWit2x was an attempt to increase the efficiency of the limited transaction speed from the meager 1MB base block size by upgrading the transaction capacity of SegWit2x blocks to 2MB.

Bitcoin Gold and Bitcoin Cash are some examples of hard forks that were created, with Bitcoin Cash currently occupying the third-highest cryptocurrency market capitalization spot, two positions behind its base block and market leader, Bitcoin.

When Bitcoin Cash first started trading on Aug. 1, 2017, its price hovered below $1,000 and remained relatively stable in the months that passed.

It was only within days of the SegWit2x failure in mid-November that the price of Bitcoin Cash rose from $600 to $2,500 US dollars. Interestingly, Koreans formed the majority of the volume at 48%.

Quotient Capital is a blockchain asset investment management company founded in Australia, 2004. The firm's investment philosophy involves the acquisitions and trading of various cryptocurrencies, as well as investments into cryptocurrency-related companies and assets.

The investment firm with 5.8 billion USD in assets under management has impressively invested in Bitcoin Cash before the massive jump, making a substantial profit in the process.

Quotient Capital anticipates and reacts to major cryptocurrency events such as the SegWit2x failure, where high volatility is experienced and sound decisions are required. The firm has managed to profit handsomely from Bitcoin Cash's jump as the firm had priorly bought into Bitcoin Cash/Korean Won trading pairs through Korean exchanges such as Korbit, Coinone and Bithumb.

Quotient Capital is one of the few multinational firms that has invested in the blockchain development of their traders and analysts and the firm attributes their keen foresight to their dynamic consultant team.

The ripple effect from Bitcoin Cash's jump has made mining on the Bitcoin Cash blockchain more enticing. With more Bitcoin Cash in circulation, there will be an increase in liquidity to provide for lower trading fees, benefitting cryptocurrency asset investment firms such as Quotient Capital.

More importantly, the failure of SegWit2x symbolizes a greater problem; the stagnation and potential decline of the world's number one cryptocurrency, Bitcoin.

If Bitcoin is unable to scale as designed to, then blockchain congestion will only worsen over time, causing higher transaction fees which will inevitably run counter to its original mandate: a digital currency for the masses.

Incidentally, the potential demise of Bitcoin will only serve to Bitcoin Cash's advantage. Bitcoin Cash boasts a faster and more scalable infrastructure that allows added functionality such as micro-transactions.

If Bitcoin experiences another failed hard fork, it could start losing its appeal which will propel Bitcoin Cash to superstardom.

If Bitcoin could turn hundredaires into millionaires, Bitcoin Cash could turn Quotient Capital into the first trillion-dollar cryptocurrency investment firm.   

Quotient Capital

Quotient Capital is a blockchain asset investment management company founded in Australia, 2004.

The firm started as a conventional asset management company before focusing primarily in the acquisitions and trading of various cryptocurrencies, as well as investments into cryptocurrency-related companies and assets.

Quotient Capital currently has 5.8 billion USD assets under management and five offices globally. 

 

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SOURCE Quotient Capital

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