There has been considerable confusion among bitcoin users about where to store their coins in light of what certainly appears to be an upcoming fork. Users have been concerned about whether hardware wallets will allow users to claim their bitcoin cash coins (assuming that they want them-but who would turn down free coins?-you can always exchange them).
Trezor, arguably the best known bitcoin hardware wallet, has now announced that it will support bitcoin cash. Their website provided the following message:
We will provide an interface, accessible from TREZOR Wallet, where you can access and safely claim your Bitcoin Cash coins. You will be prompted by TREZOR Wallet once you select “Bitcoin Cash” in the currency selector.
This is significant for a few reasons, two of which are as follows: 1.it helps inform users and give them a good option; and 2.given how many people use trezor, there will be a vast number of people with bitcoin cash, no matter how hard certain exchanges may try to block their availability.
Further, trezor spending the time to develop this and hurriedly adding bitcoin cash is yet another signal that this fork really is happening.
Some in the industry have suggested that bitcoin prices will fall by more than half, but that sounds quite extreme. For one such prediction see below:
