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'Crypto civil war' slams bitcoin, but it won't last, says BKCM's Brian Kelly

Tyler Clifford

Bitcoin had been coasting in recent months on fairly low volatility until "things exploded" Wednesday, says the cryptocurrency fund manager. Kelly says bitcoin tanked because of concern over a "hard fork" or "effectively a software upgrade" in bitcoin cash. Traders got concerned that the bitcoin and bitcoin cash markets would run into a slow down or "chaos" after the software upgrade.