Hi, in your opinion what's the probability of Bitcoin's split (e.g. 1:100 bitcoins, so if you have one bitcoin you'll have 100, but the price will be 100 times smaller - about $2.6)?
I think this will greatly improve Bitcoin growth because it's more complicated to surge from $2600 to $10000 than from $2.6 to $10
It will have only a minor effect, because despite the split, the market capitalization is not going to change. But I assume that if the prices change from $2,600 to $26, then BTC will become attractive for a lot of the small-scale and medium-scale investors, who are currently trying their luck with altcoins such as Ethereum, Ripple and Litecoin.
Market capitalization of what exactly is not going to change?
Of each separate coin (which would be what Bitcoin market cap now is, i.e. doubling it total) or the market cap of both (or more) blockchains combined? As to me, neither is possible. In the first case it would mean that the prices of each chains should remain the same as the price of Bitcoin is now, in the second case the sum of their nominal prices should equal today's price. I guess in real life, if there is a split the prices will fall substantially below the current price of Bitcoin (even their sum will likely go way below current price) . The very fact of the split will suffice to crash the markets, and if the competing chains start a dumping war (which is almost inevitable) that will the end of the game for Bitcoin