Oh, you’re still into Bitcoin? That’s cool. Except Bitcoin Cash is the hot new cryptocurrency now.
Coinbase, the popular cryptocurrency exchange, announced Tuesday it would add support for Bitcoin Cash.
No, Bitcoin Cash isn’t new. It arrived on the scene back in August. (Its origin story is kind of complicated — luckily, we’ve got a helpful explainer here.) But the addition of Coinbase support is like a blessing from the Cryptocurrency Pope, and so Bitcoin Cash’s value ascended into the heavens.
If you happened to have knowledge of Coinbase’s announcement ahead of time, you could have made a pretty penny, which is why the company quickly tried to quell any accusations of insider trading.
As of 8:58 p.m. PT on Tuesday, Bitcoin Cash was valued at $3,108, up from just over $2,000 a day earlier.
So, do YOU own any Bitcoin Cash? Possibly! If you owned Bitcoin on the date of the “hard fork” on Aug. 1, you also now own Bitcoin Cash. Congratulations.