Crypto Conversations: Jon Najarian and Charlie Shrem of CryptoIQ Discuss BTC vs. BCH

Many of our Investitute subscribers have reached out to me and asked “Jon, what do you think of Bitcoin and crypto?” I am very excited about the potential of Bitcoin and other cryptocurrencies, and want to bring this excitement and knowledge to our Investitute community.

I’m excited to announce that we at Investitute have partnered with the one-and-only Charlie Shrem of Crypto.IQ, to bring you the most accurate and reliable crypto trading resources.

Charlie and I have become good friends over the last year, and I just had to share his knowledge with you. Whether you are new to crypto trading, or have been a “HODL” investor from the beginning, Investitute and Crypto.IQ will help you navigate the exciting and promising world of cryptocurrencies.

Here are two things to get you started: Sign up for Investitute’s cryptocurrency daily news email for daily updates on what is going on in crypto, and visit Crypto.IQ for access to proprietary crypto research and trade ideas!Jon Najarian: Hello folks, Jon Najarian here with my good friend Charlie Shrem and we’re here talking about Bitcoin versus Bitcoin Cash. Charlie, what can you tell me about the differences between the Granddaddy, Bitcoin, and BCash?

Charlie Shrem: Most investors will tell you that they want long-term stability. They want unchanging, beautifulness of the inability for someone to come in and change Bitcoin for what they see as for better or for worse. And Bitcoin has been around eight or nine years now – it’s long-term and it’s stable. There can never be any changes made to it, which is what we want, unless the whole network and the whole system agrees that a change needs to be made.

There were a minority contingency of people that wanted to make a change that they saw was for their own interest, which actually was for the worse. They tried to change Bitcoin and make that change, and they failed. And what ended up happening was they forked Bitcoin into what they call Bitcoin Cash, Bitcash or BCash, and it’s following their own change.

We’ve seen over the past year and a half it’s highly unstable, it’s irregular, and it’s not an investment that I tell people or I even hold in my own portfolio because it’s so new and I believe that change was for the negative to allow basically anyone to put in a transaction as big or as small as they want. It’s like anyone being able to go any speed on a small road or bring in a truck that can be ten times the size of a small car on any road without any rules on how or when people can go on that road.