Bitcoin is embroiled in a civil war — here’s one way it can unfold

A civil war is taking place in the world of bitcoin, putting the future of the red-hot cryptocurrency in question. Bitcoin is up over 250% since last year, but in the past few months its price has experienced big swings. Arthur Hayes, CEO of BitMex, a bitcoin derivative exchange, told Business Insider he thinks recent volatility in bitcoin’s price reflects the uncertainty surrounding the outcome of this war, which will be decided August 1 when crypto-power brokers determine how the tech that…

"Bitcoin is embroiled in a civil war — here’s one way it can unfold"